As a financial service firm, your clients trust you to increase their financial security and mitigate risk.
But it's eay to forget that your clients are placing a different type of trust in your firm - that you will safeguard their personal and financial data at all times. They might not even think about it themselves, but every day your clients are depending on you to keep their financial records and detailed personal information safe from the countless types of data loss.
And if that wasn't enough pressure, you are in one of the most heavily regulated industries, where both government and private watchdog groups demand you take specific steps to ensure the security of your clients' financial data.
The Financial Industry Regulatory Authority, or FINRA, requires that financial firms draft and maintain business continuity plans in the event of an outage or other significant disruption to operations.
The critical component to any business continuity plan is offsite, secure data backup and recovery. To be compliant with FINRA's information technology regulations, your business will need a solution to automatically and securely back up your data to an offsite, highly protected facility - and ideally several such facilities, each in a different geographical region, to ensure redundancy for your data
Simply put: Your firm cannot afford to be without a reliable business continuity plan with offsite data backup.
But don't worry. KeepItSafe can help.
At KeepItSafe, we're experts at protecting highly sensitive personal and financial data for financial firms, and keeping them in line with the myriad of regulations governing their industry.
Here's how we can do the same for you...
|FINRA||Rule 4730 requires a written business continuity plan which includes backup and recovery.|
|SEC||Rules 17a-3 and 17a-4 require full records of each transaction, in a digital system that is easily accessible and non-erasable.|
|GLB||Demands financial firms take provisions to protect consuers' personal financial information held by their firm.|
|SOX||Section 302 requires certification of financial statements by both the CEO and CFO to ensure accurate reporting.|
—Hilary Martin, Financial Planner Family Wealth Consulting Group