Identity and Access Management

Mobile and Cloud Security

Confronting Compliance


Financial Services Regulatory Compliance

Financial Services regulatory and compliance has continued to grow at an exponential rate. Maintaining regulatory compliance for companies in the financial services industry is challenging. What’s more is that it will only become more challenging as time goes on.

In 2008 the financial crisis created a domino effect of laws, regulations and rules that govern the financial services industry. Laws and regulations started to pass in an effort to limit the potential impact that can damage consumers. Today, governments have taken on the job of protecting consumers to aid them against companies that have either poor management or no management of sensitive informationInformation security must evolve from just another IT project to some of your most important core business decisions.

Matters of privacy and information security have a measurable impact on your IT assetsLaws and regulations related to information security, privacy and accountability include the Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accountability Act, European Union Data Protection Directive, Bank Secrecy Act, USA Patriot Act, The Federal Information Security Management Act, Payment Card Industry Data Security Standard, California Senate Bill 1386, International Convergence of Capital Measurement and Capital Standards-Revised and Personal Information Protection and Electronic Documents Act (PIPEDA).

Today laws and regulations governing the financial services industry also include the Dodd-Frank Wall Street Reform and Consumer Protection Act, Truth in Lending Act (TILA and Regulation Z, Consumer Leasing Act and Regulation M, Home Ownership and Equity Protection Act (HOEPA), Fair Housing Act, the Truth in Savings Act (TISA), Fair Credit Reporting Act (FRCA) including the Fair and Accurate Credit Transactions Act (FACTA), Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), Magnuson-Moss Warranty Act, Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA) along with state debt collection statues, Gramm-Leach-Bliley Act which includes regulations related to privacy information rules, FTC rules concerning consumer credit practices, Electronic Fund Transfer Act (EFTA) and Electronic Signatures in Global and National Commerce Act (ESIGN).

Ensuring security, integrity and availability of your IT systems and data is not only essential it is something that cannot be overlooked! At the heart of most regulations is the intention of protecting confidentiality, integrity and availability of information. The question is how will you learn to balance the need to protect your business with the need to operate your business?



Over the last year businesses across the globe are under a regulatory microscope due to recent data breaches and loss of private information. Governance, regulatory and compliance will only continue to become more complex which will pose challenging for many businesses. How you align your information security programs with business goals will be the difference of business growth or failure. As a company in the financial services industry you must protect data from being compromised and at the same time continually drive innovation… the question you have to ask yourself is are you supporting business outcomes or inhibiting them by trying to tackle IT systems and data management on your own?


Identity and Access Management

Have you prepared your IT infrastructure for a stateless identity? How is your business monitoring IT assets and processes… anytime and anywhere? Maintaining a secure and reliable IT infrastructure means you must track and validate all changes to systems and applications continually. IT infrastructure change management poses a challenge to many business in that there is a need to audit policy settings, exchange server mailboxes, access and modifications to files and data, SharePoint, Server databases and more. Without proper policies, process, procedures and auditing of changes in place your business may not only lose operational efficiency of your IT infrastructure… you also run the risk of failed compliance audits and costly security breaches.


Mobile and Cloud Security

Forces like cloud; social media and mobility will force your financial services business to understand what is required of you as it pertains to information security management. The financial services industry relies heavily on communication technology that enables quick SECURE sharing of information.

As cloud computing continues to become more prevalent in the financial services industry some businesses will leverage cloud computing by mixing both private and public clouds… this in itself means data protection is a preeminent security concern when moving into the cloud. How you deal with data protection standards and relevant laws affecting your business can either make or break your company.

Regulation drives compliance requiring your financial services business to implement specific security measures before migrating to cloud servicesCloud computing is an innovation driver; it changes how customers interact with data and enables quick exchange of information between businesses and customers ultimately impacting how your company does business.

Confronting Compliance

The reality of compliance standards becoming more stick is inevitable… considerations for all businesses in the financial services industry include how you will meet existing challenges and how you will prepare for new compliance challenges in the future. Things that should be considered for being and staying compliant include:

  1. Documentation of Policies, Procedures and Processes (As Documentation is a Crucial Component of Compliance)
  2. Clearly Understanding Compliance Requirements
  3. Monitoring Devices and Systems for Compliance
  4. Continuous Review of Policies and Procedures
  5. Auditing Compliance-Related Tasks and Processes

These are only a few of the factors you must consider as a business in the financial services industry. Dealing with internal or external audits, compliance and other strict security requirements means that your business has to understand how operational efficiency of your IT infrastructure has an effect on being compliant and staying compliant.

Direct Tech, Your Managed Service Provider for helping you Stay Compliant

To aid your business in meeting compliance standards you need regulatory strategies that keep your business secure… and to do that you must be proactive! It is a necessity not a luxury that you ensure proper steps are taken to keep your business assets safe, secure, and functioning effectively and efficiently to remain compliant… and to do so you may want to consider using a managed service provider.

Managed service providers (MSP) offer a wide range of IT solutions including network, application, system, and e-management services across a network to multiple enterprises. MSP’s focus on management services that can include management of application services providers (ASPs); web hosting companies, network service providers (NSPs), and many other IT solutions. If you need help getting your business on track in today’s virtual (vulnerable) environment call Direct Tech. They offer IT solutions to provide businesses with piece of mind.


Managed Service Provider for Keeping you Compliant

Direct Tech, Managed IT Service Provider

We are a provider of Managed IT Services in San Diego. Our Managed IT Services brings high value to each of our clients enabling their business to leverage technology to help them close more deals, support their clients and increase overall profitability. By leveraging the Managed IT Services Direct Tech offers, your business will reduce costs, increase profits and mitigate business risk.

Through proactive monitoring, maintenance and our fixed rate IT support service, Direct Tech can help you focus on running your business by ensuring your technology grows as your business grows and help you plan for the unexpected.

Are you looking for a managed IT service provider to help your business? Contact us today to see how Direct Tech can help your business remain resilient.

At Direct Tech, the soul of our philosophy is a focus on local needs and our Mission is to grow one-to-one relationships with every client we meet. WE always take the time our clients deserve to provide them with efficient and affective solutions. We are real people who do business with both our minds and our hearts.

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Discover, what it’s like to have the strength of an entire IT staff without the headache of hiring your own. Let Direct Tech be the solution you need for all of your Business IT and computing solutions. Experience faster and more secured networks, optimized technologyaccess to anything you need anytime or anywhere, and relief from having to worry about how your Business will survive when unexpected events occur. That’s our job! Let us help you plan and manage how your Business effectively responds to unexpected events.

Direct Tech, helping your Business REMAIN Resilient.

Our team of San Diego, IT Experts can help you develop a strategy of Resilience.

Direct Tech, We Make Technology Work for YOU! Call our San Diego Managed IT Services, Business IT support, and Cloud Computing Solutions office TODAY!

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