Addamark Technologies Releases Guidance on Privacy and Information Security Regulatory Compliance for the Financial Services Industry.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Nov. 17, 2003 Addamark Technologies
New White Paper Details U.S. Treasury Mandates for Data Log
Collection, Retention, and Investigation Including the
Gramm-Leach-Bliley Act, FTC Information Safeguards Rule,
Sarbanes-Oxley, and California Senate Bill 1386
to Ensure Regulatory Compliance
Addamark Technologies today announced the availability of a new white paper entitled, "Privacy and Information Security Regulatory Compliance Guidelines for the Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Industry." The paper summarizes the various federal and state regulatory measures that have emerged in the wake of elevated privacy concerns, information theft incidents and financial reporting irregularities in recent years, and provides a checklist of federal guidelines on data logging (data) data logging - (data acquisition) Storing a series of measurements over time, usually from a sensor that converts a physical quantity such as temperature, pressure, relative humidity, light, resistance, current, power, speed, vibration into a voltage that is then converted that should be followed by financial organizations to ensure regulatory compliance. The Gramm-Leach-Bliley Act The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed the Glass-Steagall Act, opening up competition (GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA Gay and Lesbian Business Association GLBA Great Lakes Booksellers Association GLBA Glacier Bay National Park and Preserve ), the FTC FTC See Federal Trade Commission (FTC). Information Safeguards Regulation, Sarbanes-Oxley, California Senate Bill 1386 on Personal Information Privacy (CA 1386) and other information security regulations were enacted to protect consumers' private information and establish standards for information security. In order to successfully achieve the objectives of the regulations, financial organizations must closely monitor user behavior, implement systems to detect data theft, sabotage and insider abuse and be able to investigate all logged activities to determine exactly how user data has been used and by whom. "Financial organizations are aware of the need to store log data to meet federal and state regulations, but there is a lot of confusion on the different requirements and specifications of each regulation," said Mark Searle, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Addamark. "This paper gives a comprehensive overview of all the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. mandates providing organizations with a single resource on what log data needs to be saved, for what period of time, and how accessible it must be given the specific regulation." For a complete copy of Addamark's report, please visit www.addamark.com/comply. About Addamark Addamark Technologies is a security software company that enables enterprises to cost-effectively store and manage high volumes of log data to monitor security events and extract business critical information. With Addamark, enterprises can store and correlate log data from multiple sources and run ad-hoc queries to analyze user behavior and network activity to the highest granularity The degree of modularity of a system. More granularity implies more flexibility in customizing a system, because there are more, smaller increments (granules) from which to choose. . Founded in October 2000 by enterprise software veterans, Addamark was named one of the top 10 software start-ups of 2002 by Venture Reporter. For more information please visit www.addamark.com. Addamark is a trademark of Addamark Technologies. |
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