Bank finance articles and tips

For effective protection of electronic information, all businesses and organizations should have thorough network security policies. In some industries, however, network security is not optional, and standards for guarding information and assessing systems are spelled out. Businesses not following these network security standards end up not being industry compliant. Finance and healthcare are two industries with detailed network security guidelines, and businesses and organizations in the former follow FFIEC, GLBA, and Sarbanes-Oxley.

FFIEC, or Federal Financial Institutions Examination Council, covers all principles and standards for examining and uniformity across financial institutions, and network security is one. The FFIEC Information Technology Handbook has specific guidelines for auditing a network, information security, and e-banking.