Banking / Finance / Insurance

"Strengthen security posture and address regulatory compliance requirements"

IT Security Policy Management for Banking, Finance and Insurance - the governance, risk and compliance requirements in these sectors are complex. Regulatory compliance is used as an effective strategy for keeping organisations accountable for their security posture.

Furthermore, there are a number of different security standards to adhere to with overlaps between them, making the development of security policies, aligned with best practice, challenging.

Organisations in these sectors represent a high value target for cybercriminals, resulting in extensive and sometimes dynamic cyber security requirements for these service providers. As a specialist organisation PPS partners with banking, finance and insurance (BFI) businesses to help them navigate the complexities of compliance, security, and risk management. Utilising our IT Policy Management Software, we ensure the establishment of a solid foundation of IT security policies, enabling them to enhance their security posture effectively.

Some examples of the key standards and best practices that BFIs should incorporate into their IT security policies include:

• ISO 27002: a globally recognised standard for information security management systems. It offers comprehensive guidance and security controls to safeguard sensitive data, manage risks, and ensure data confidentiality, integrity, and availability.
• PCI DSS (Payment Card Industry Data Security Standard): Vital for financial entities handling payment transactions, PCI DSS sets forth comprehensive security controls to ensure the safeguarding of payment cardholder data throughout its lifecycle.
• ISO 29151: Crucial for banking, finance, and insurance firms managing personal data of UK and EU citizens to demonstrate compliance with GDPR rules and UK data protection regulations.

We understand the paramount significance of a strong IT security foundation. Through our tailored services, we ensure the policies are mapped to industry standards and best practice. For more information and a demonstration of our service, please contact our experts.