White Papers for Sarbanes-Oxley (SOX)

Financial Institutions Automated Log Management Enables Compliance and Improves Operating Efficiency

Reymann group

The threats that expose a financial institution and its customers to harm are real and expanding to global dimensions – from identity theft, computer viruses, fraud, terrorist activities, to business continuity and recovery from disasters. Traditional methods of protecting the safety and soundness of financial institutions are inadequate. Physical security measures such as vaults, locks on doors, and security cameras are not enough.Reactive manual processes of monitoring for or responding to fraudulent activities are not enough. Financial institutions must take security management activities online – into the network – to proactively identify and mitigate risks of compliance, fraud, and operational weaknesses. Financial institutions require a proactive and automated capability to see what is happening across their networks, systems, and applications. A comprehensive and automated view of network and system activities will help institutions to enable information security compliance, gauge and improve operating efficiency, and ensure business continuity.

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