Today, more than any other time in history, financial institutions are under increased scrutiny from regulators to enhance their security infrastructure and protect personally identifiable information. In the wake of the recent economic downturn federal regulators are increasingly bearing down on financial institutions to improve their data security practices and this has created a costly burden for smaller financial firms.

Payment Card Industry (PCI) Data Security Standards (DSS)

If your business accepts credit cards, PCI DSS affects you. Every year financial fraud incidents affect an increasing number of businesses and their consumers. Consequently, organizations that accept payment card transactions are required to comply with the PCI DSS. Organizations that fail to comply risk not being allowed to handle cardholder data and fines of up to $500,000 if the data is lost or stolen. The PCI DSS standard is intended to help organizations proactively protect consumer credit card account data.

SEC, NASD and FINRA

Information management is increasingly challenging due to the ever changing rigorous guidelines and rules regarding data confidentiality, accessibility and retention requirements mandated by SEC, NASD and FINRA. Banks, securities firms, brokerage firms, etc, that deal in the trading of securities of any type must comply with SEC, NASD and FINRA rules regarding the storage of electronic data. Supervision, record retention, non-rewritable storage and ease of retrieval are all covered by these rules.

KOMpliance archive storage solutions enable you to meet today's and tomorrow's regulatory and data storage requirements while reducing your TCO.