Financial Services : Banking, E-Commerce & Online Trading

Business decisions and information technology environments in any institutions today are being heavily influenced by a related set of objectives. Banks, brokerage firms, and insurance companies alike are all intent on enhancing the customer experience, ensuring customer confidence and trust, improving productivity, and protecting private and sensitive information. In an industry where many of the products are quite literally commodities, these goals are key ingredients essential to providing and maintaining a measure of differentiation and customer loyalty.

Why Financial Services want " Secured Transaction"

• Banking and financial market networks are widely deemed to be “critical infrastructure.” In many instances, the transactions being processed represent not only the life savings of individuals, but the lifeblood of the global economy. As such, the level of criticality and sensitivity of computing functions being conducted on financial networks often exceeds that associated with the networks of typical commercial organizations. From an information security perspective, this should translated into a higher standard of due care.

• Many financial institutions continue to operate significant amounts of legacy computing infrastructure, including numerous mainframe-based applications. These systems are often fully inter-connected with more modern systems and continue to perform mission-critical functions. However, many of these older systems are exposed to network-borne threats and these institutions cannot afford to take them out of service for remediation.

• Financial market firms must deal with sky-rocketing trading volumes and the resulting availability, capacity, and performance requirements of associated networks and systems.