Financial services providers have always understood the critical importance of both physical and logical security. But with the rise of online transactions, increasingly sophisticated cyber-thieves and more stringent government mandates, the need to ensure the security, integrity and confidentiality of customer information and financial transactions has greatly intensified. Financial institutions now need to comply with a growing list of regulations and standards, including the Gramm-Leach-Bliley and Sarbanes-Oxley Acts in the U.S, the Data Protection Act in the UK, Basel II, FDIC, BS7799 in the UK and BS7799-2 and ISO 17799 worldwide. In the case of government mandates, failure to comply could lead to fines and/or legal action.
Compliance has been a challenge for many financial services providers, primarily due to the high costs, time and resources required to secure complex IT environments, legacy applications and multiple facilities. At the same time, there is a heightened awareness of the need for strong physical access security. Now, a growing number of financial services firms are discovering that Imprivata OneSign® solutions offer a practical and affordable means to achieve regulatory compliance while also improving security, reducing IT help desk costs, eliminating password management problems, and improving user productivity.
Imprivata OneSign solutions support the unique requirements offinancial institutions in the following ways:
Imprivata OneSign Authentication Management
- Authenticates both local and remote access users as they logon to thecorporate network;
- Supports user accountability by recording all user and application events in log files, providing a monitoring trail accessible to administrators;
- Ensures compliance to meet regulatory requirements andindustry standards, safeguards access, and prevents the misuse of customer information;
- Supports strong authentication, including ID tokens, smart cards, proximity cards and biometrics technologies;
- Ensures policy enforcement because it requires no change in end user behavior;
- Supports fast user authentication and logout on shared workstations to strengthen security infinancial servicesfacilities where multiple users share one or more workstations.
Imprivata OneSign Single Sign-On
- Extends user authentication protection to include software applications;
- Single sign-on to all legacy, Web,and client/server applications, such as fiserve and Horizon;
- Reduces costs and improves user productivity by sharply reducing help desk and password reset calls;
- Automates the process of implementing strong password policies.
- Integrates building and network access systems for unified enterprise security management.
- Consolidates identities between physical access systems and IT directories to enable one converged policy for allowing or denying network access based on a user's physical location, organizational role and/or employee status.
- Provides integrated and centralized user access monitoring and reporting capabilities in order to better demonstrate regulatory compliance.