Information-centric solution designed to empower financial services institutions to mitigate information risk arising from critical business initiatives

RSA, The Security Division of EMC (NYSE: EMC), today unveiled its solution for Information Risk Management for financial services organizations worldwide.

Information Risk Management is defined as a strong process that follows the information within a financial institution -- revealing where the risks lie to present a holistic view of risk related to information across the enterprise. By implementing an Information Risk Management solution using RSA and EMC technologies, new services, best practices and strategic partner ecosystem, financial institutions can more aggressively address business challenges and explore new markets, partnerships, business models and innovations with greater confidence.

Information Risk Management

Information carries both value and risk, and can be exposed to threats throughout its lifecycle. Information Risk Management is engineered to provide effective means of recognizing, assessing and mitigating the risks that information is exposed to throughout its lifecycle - no matter where it moves, who accesses it or how it is used.

“Taking an integrated approach to information risk management for the enterprise means moving beyond the inconsistent and reactive manner in which many financial institutions address risk,” said Rod Nelsestuen, senior analyst, Financial Strategies and IT Investments, TowerGroup.

“Reputation and brand image are put at risk when security fails and information is lost, stolen, or misused. Practicing a holistic approach to security and information risk assures that business information contributes to achieving marketplace and business goals, maintaining a customer and business focus, and building market confidence. In short, information security policy, practices, and technologies that provide a defense for information also can support the business's offensive strategy.”

Traditional approaches - which focus on network and perimeter security to reduce risk to critical business information - can open the door to other forms of information risk that have the potential to undermine key business initiatives. Information Risk Management offers a comprehensive and business-aligned approach that is designed to enable financial services organizations to place controls where they are needed across the entire information lifecycle, helping to ensure that information is always an asset and never a liability.

The RSA Solution

As part of EMC, RSA recognizes that IT security is an information management issue. RSA recommends that financial institutions implement a holistic solution that allows companies to look at all the risk associated with information, at every point in its lifecycle. This solution comprises market-leading security technologies, new services and an ecosystem of strategic partners.

“As today’s world - and the business potential it offers - becomes more digital and sophisticated, so do the risks involved, especially when it comes to the financial sector. These institutions are realizing that, in order to truly survive and flourish, they must stop looking at risk in a vacuum and start treating it in a consolidated and holistic manner across the organization and the customer base,” said Art Coviello, Executive Vice President, EMC Corporation and President, RSA. “This is exactly where our expertise and solutions can help. As the chosen security partner of almost 9,000 financial institution customers, RSA helps the world's leading organizations succeed by solving their most complex and sensitive security challenges.”

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