Tag Archives: Compliance

Identity Management for Financial Services

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Identity Management for Financial Services

Protect sensitive information, data and systems from unauthorized access!

The growing threat of data abuse and theft as well as ever-more complex legal regulations make Identity Management for Financial Services a must-have tool for businesses operating in the financial sector.

The GARANCY IAM of Beta Systems suite protects the business-critical information, data and applications of financial service companies from unsanctioned access. Each employee can only access the data required to perform the given task at hand. At the same time, the IAM suite delivers forward-looking options for supporting the digital transformation of companies.

The GARANCY IAM suite provides powerful Identity Management for Financial Services based on standardized best-practice processes in the banking sector, which are designed to improve data security, lower operating costs, reduce risk relating to data access and introduce efficient audit-compliant processes that ensure compliance with all legal regulations.

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GDPR – Good Data Provides Results!

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GDPR – So what’s in an acronym? Or to be correct an Initialism!

GDPR – General Data Protection Regulation

GDPR – General Data Protection Regulation

There is a tonne of information on the internet and on various websites about how the EU General Data Protection Regulation GDPR will affect almost all organisations, from 25th May 2018, who gather information from anyone residing in the EU, irrespective of the size of the organisation.

There are of course two ways of looking at GDPR – firstly from the consumers side and secondly from the company holding the consumers data.

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What you need to know about GDPR and Identity Access Management

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GDPR – General Data Protection Regulation

GDPR and Identity Access Management

Get ready for GDPR!

The General Data Protection Regulation (GDPR) is due to come into force in on 25th May, 2018 – so how will this affect your organization? How do you mitigate vulnerabilities and risks with the support of Identity Access Management?

You may feel overwhelmed by the requirements of this regulation, especially considering the financial ramifications of non-compliance. However, leveraging identity governance at the core of your security strategy can go a long way towards mitigating the risk of a data breach and the resulting penalties that may incur.

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What you need to know about IAM compliance certificates

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Can IAM software provide certificates for the compliance  with legal regulations?

IAM Compliance Certificates

IAM Compliance Certificates

The introduction of IAM systems is often driven by the need for compliance with legal regulations. From high-level laws like the Sarbanes-Oxley Act (SOX) down to technical standards like ISO 27000 – the availability of an efficient Identity and Access Management is a prerequisite for the compliance with such frameworks. Therefore it is self-evident, that companies are asking vendors for the availability of general certificates that testify to be compliant with the individual regulation, when implementing the IAM solution.

To make a long story short:
Such certificates are either not available or of dubious validity.

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