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Security is the foundation upon which financial institutions build their businesses. But the very definition of security in the financial industry has changed. In the past, security meant more guards, heavier vault doors, and bigger locks.
Now, with the increasing amount of financial transactions on-line, creating the elements of security now means implementing firewalls, intrusion detection systems, encrypted communications, physical security, and regular assessments. Although the definition of security has changed, the fundamental building blocks are still based on trust.
This trust does not only include keeping hackers out, but it involves treating customers and their private information with the utmost respect. Violation of this trust either by crime or negligence could result in the loss of banking customers.
 The explosion of the Internet has put financial institutions in an extremely sensitive position. In order to entice customers to use low-cost online services, financial institutions must advertise the benefits and availability of these services, while at the same time promising unquestionable information security. Unfortunately, hackers are enticed by financial institutions who announce that they have the highest level of security to protect their client's critical information.
Increasing the pressure to prevent security breaches and critical data exposure, the FDIC recommends that financial institutions perform regular security audits on perimeter devices such as routers, firewalls, and network servers to ensure they are at optimal functionality and have been configured properly.
The FDIC also recommends that financial institutions assess the integrity of their internal network resources. It is estimated that 75% of financial loss occurs due to employee security breaches.
 To ease the pressure of network security placed on financial institutions, Covetrix network security experts have compiled an arsenal of tools to combat security vulnerabilities at all levels. We combine field experience with a successful, comprehensive process to deliver practical and appropriate enterprise security solutions.
Focusing on your internal and external resources, Covetrix network security team can develop a strategic security plan covering prevention, detection, and response to potential security threats.
For more information on Covetrix network security and data integrity solutions, please call a member of our sales staff at 1-877-780-1132 or contact us at Sales@covetrix.com. |
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