The Gramm-Leach-Bliley Act (GLBA) establishes a number of control requirements to protect the security and privacy of individuals’ financial information. The privacy requirements include disclosures of information that is collected, stored, or distributed, and the ability for a customer to opt-out of certain information usages.
Basel III is a set of international standards for financial institutions that focus on financial strength and stability. Though targeted at financial risks, Basel III also establishes several principles for internal controls intended to reduce the likelihood of fraud, misappropriation, errors, or misstatements that may involve technology systems. Rocket® Servergraph and Rocket Aldon contain capabilities that enable an organization to ensure the availability and integrity of financial data in compliance with Basel III regulations.
Service Organization Controls (SOC) reports are an effective way for companies to provide assurance to their customers and prospects about the security, availability, confidentiality, integrity, and/or privacy of the systems they offer. SOC 2 and SOC 3 reports are popular with Software-as-a-Service (SaaS) providers and any company with access to its customers’ critical systems and data.