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Special Report
Information Security
As Wall Street proves increasingly willing to entrust customer data to software-as-a-service providers, financial services firms are working to safeguard client access to on-demand applications, running security audits of the providers and educating users about how to interact with them. “Even with service-level agreements in place, at the end of the day that’s not going to save you if everything is lost or stolen,” says Wellington West Capital’s David Boissonneault. Also in this report: Financial institutions shift their focus from external security threats to internal controls; and server virtualization poses security risks and challenges.
Contents
Software as a Service as a Security Battleground
Though increasingly willing to entrust customer data to software-as-a-service providers, financial services firms are working to safeguard client access to on-demand applications.
Perimeters Protected, Firms Look Inward
Financial services firms are focusing on internal security by improving controls on what employees can do and enhancing the security of connections for staff and customers when they cross the firewalls.
Server Virtualization: Powerful Tool, Extra Exposure
Virtualization has brought down firms' purchasing costs and allowed for more efficient use of existing hardware--but with those benefits come security risks and challenges.
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