Finance
What does wireless offer to the finance sector?
Wireless technology could have been designed specifically to meet the needs of the highly competitive finance sector: it keeps volumes of information flowing at high speed while providing a healthy return on investment and a welcome increase in productivity.
However, it also adds an unprecedented dimension of risk to a sector more sensitive than most to the preservation of integrity and reputation. In addition, the finance sector is governed by regulations which add an extra burden of diligence. These include Sarbanes-Oxley, the Operational and Financial Review, and the Basel Capital Accord.
Whether in banking, insurance, trading, or financial services, Red-M’s wireless services afford financial institutions:
- Compliance with regulations
- Protection of data from theft and corruption
- The continuous flow of confidential information
- Data integrity
- Business continuity
Wireless security and client confidentiality - is there a resolution?
Client confidentiality is the central pillar of the finance profession, especially on the legal side, which may be why this sector has historically been cautious of adopting new technologies, choosing to avoid anything that could jeopardise privacy and security of data. Conversely, it is for this reason that the profession needs to pay particular attention to computer security in the wireless age.
Simply declaring a wireless-free environment will not protect any organisation from the security threats introduced by this ubiquitous and promiscuous technology. Wireless is often brought into organisation by staff that enjoy its convenience at home and don’t realise that introducing a single wireless device onto the premises could effectively broadcast the information that flows into and out of the organization.
The Red-M approach
Red-M understands just how important security is for firms entrusted to defend sensitive and confidential information. Organisations that adopt wireless-free policies need to monitor their premises 24/7 to detect and protect against intruders. With our comprehensive portfolio of services we can tailor solutions for all sizes of firms.
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For further information,
email info@red-m.com or
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Take control
Red-M has seen wireless networks create many positive benefits - but without firm control, wireless can
also create problems:
- A supermarket had all its wireless barcode readers suddenly stop working at peak time
- A department store’s wireless network was hacked from outside the store in an attempt to steal customers' credit
card information
- In a shopping centre car park, an MPV’s central locking system was jammed by unauthorised wireless signals -
and couldn’t be unlocked
Avoid similar occurrences to the above by working with Red-M, the wireless experts. |