For more info on a specific newsletter, click the title. Details will be displayed in a new window.
Subscribe to
Computerworld 40 years of the most authoritative source of news and information for IT leaders.
Group Crafts Standards for Evaluating Outsourcers
or
Other Security Stories
|
|
|
|
February 06, 2006 (Computerworld) -- Six large U.S. banks, an industry group and four major accounting firms joined forces in early 2004 to create standards for assessing the security practices of outsourcing vendors that work with financial services firms.
The goal was to create consistent standards for use in evaluating the controls that outsourcing vendors use to protect sensitive data, said Faith Boettger, a senior consultant at BITS, the technology arm of the Washington-based Financial Services Roundtable.
The standards are now available to the financial services community, following a trial of the program undertaken by five service providers, including IBM, Acxiom Corp. and First Data Corp.
The standards program, called the Financial Institution Shared Assessments Program, was developed by BITS, Bank of America Corp., The Bank of New York Co., Citigroup Inc., JPMorgan Chase & Co., U.S. Bancorp and Wells Fargo & Co. Accounting firms Deloitte & Touche LLP, KPMG International, PricewaterhouseCoopers and Ernst & Young International serve as technical advisers for the program.
The guidelines can be used to evaluate an outsourcer's controls for access, asset classification, personnel security, physical and environmental security, communications, business continuity and regulatory compliance, Boettger said.
The group expects that the standards will result in improved security and risk-management practices, she said. The program will also give auditing firms standard criteria for measuring the security practices of different service providers, she added.
"BITS member companies have for a long time been focused on looking at the management of risk within outsourcing relationships," Boettger said. The new programs should help such companies better meet their regulatory and risk management requirements, she explained.
Joe Duffy, lead managing partner for the performance improvement practice at PricewaterhouseCoopers, said the initiative is an example of the private sector coming together to address information security issues at a time of heightened regulatory oversight.
"What is groundbreaking here is the fact that industry, the accounting profession and the supplier community are coming together and agreeing" on common assessment standards, Duffy said.
|
Print this Story |
|
Send Us Feedback |
|
E-mail this Story |
|
Digg this Story |
|
Slashdot this Story |
|
|
|
|
|
 |
|
All Zones Application Performance Zone Enterprise-Class Security Zone Enterprise Solutions Zone The File Data Management Zone Grid Computing on Windows Zone Security Management Zone ITIL Best Practices Zone The SAS Zone Storage Virtualization Zone The Data Center Management Zone |
 See your link here
|
 |
||||||||
| ||||||||
| ||||||||
| ||||||||
|
Long Tail Supplier Collaboration - What's In It For You? 
Download this Executive Bulletin (a $49.95 value) for free, compliments of MessageLabs.
Get this white paper now!
Read up on the latest ideas and technologies from companies that sell hardware, software and services.
- Security researcher devises rootkit for Cisco's routers
- FAQ: Windows XP SP3 reboot hell (and how to get out of it)
- WiMax vs. Long Term Evolution: Let the battle begin
- More top stories
Security Management ZoneSecurity management is the process of developing a comprehensive data protection plan. It takes into account all potential threats, the existing network environment, the future needs of the organization, and lays out a multi-tiered blueprint to integrate the security technology needed to combat these threats. CDW can help keep your network and data secure. Visit the CDW Security Management Zone now See All Zones
|
 Fired up about IT? Join Sharkbait and share your true tales of IT. SharkBait is the place for you to sound off about everything IT – the good, the bad, and the rest of the weird stuff you deal with every day. New baits 
|
"Security Directions" virtual trade show2008's Code-Red Security Issues for Protecting the EnterpriseHundreds of your peers are currently in attendance. Enter our show right now! 10am- 6pm ET Today! Click here to enter
|
 In SecurityThere's plenty of talk about how to behave during a Customs search of your computer and gear, but Jon Espenschied's got tips for securing your data (and privacy) before you reach the border. Click here to read the latest column by Jon Espenschied |
 |
 |
Layered Security Solutions
Although basic network security issues have changed very little over the past decade, the
network security landscape has changed dramatically. Today's IT professionals still have the
primary responsibility of protecting the confidentiality of corporate information, preventing
unauthorized access, and defending the network against attacks. Security experts and analysts agree that a security solution comprised of multiple layers is the best defense against today's increasingly sophisticated attacks.Download this white paper
|
Universal Threat Management - Because Conventional UTM is Not Enough!
This white paper, written by Mark Bouchard of Missing Link Security Services, examines the challenges confronting today's enterprises with respect to managing threats on a network. It also discusses the need for "Universal Threat Management", which is a security solution approach for all physical locations within an enterprise that require threat protection.Download this white paper |
Selecting the Right Threat Management Solution
This short demo will guide you through key considerations for selecting a solution to manage threats on a network. Learn about the popularity of Unified Threat Management (UTM), and how it fits into an overall security solution. Explore critical elements of a network-wide solution for multisite and large network-size deployments and identify the four key features of a threat management solution.View this demo
|
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDG Connect
IDG World Expo
Infoworld
The Industry Standard
ITworld
JavaWorld
LinuxWorld
MacUser
Macworld
Network World
PC World
Playlist
Copyright © 2008 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission of Computerworld Inc. is prohibited.
Computerworld and Computerworld.com and the respective logos are
trademarks of International Data Group Inc.
|
