The financial services industry — banks, savings and loans, credit unions, financial advisors, asset management firms, and third-party providers that process information for these businesses — face a myriad of federal and state regulations regarding privacy protection and business continuity planning.
The stakes are high for complying with these regulations. Any sort of breach in releasing protected personal information — from account numbers, Social Security numbers, and names and addresses — can cost a company dearly in lost good will, trust with customers and steep monetary fines that can be charged per record released.
Figuring out how to comply with the seemingly endless and overlapping regulations can be can be a tricky and risky business.
That’s why we at Data Cave have developed a new whitepaper to help you understand data privacy laws pertaining to the financial services industry and why you should consider using a data center like Data Cave to meet those regulations.
For more information contact us or call 866-514-2283.