Industries

• Overview
• Business
• Healthcare
• Education
• Financial
• Government

Industries Served

Financial

The financial segment consists of banking, securities & commodities and insurance. The driving force behind the financial industry is the real threat of unauthorized personnel having access to persons' financial records, in addition is the new Gramm-Leach-Bliley Act (Passed in 1999 - Compliance by May 23, 2003).

The Safeguard Guidelines provide security requirements to guard the confidentiality, integrity and availability of non-public customer data. This standard affects all financial institutions to regulate the privacy and protection of customer records. Investor confidentiality and security is paramount to a financial institutions' image.

In addition to these acts, the rules of the NSC and the Banking regulations also affect the security measures that need to be taken by the organizations.

Financial Trends

The trend within the financial segment is to implement security and privacy measures required by the new Gramm-Leach-Bliley Act. Although security measures have been instituted within this segment early on, the new act and new threats are opening new opportunities within this market segment as the depth of security is growing.

The Safeguard Guidelines provide security requirements to guard the confidentiality, integrity and availability of non-public customer data. This standard affects all financial institutions to regulate the privacy and protection of customer records. Investor confidentiality and security is paramount to a financial institutions' image.

Financial Growth

The number of financial units (2,600,000) is expected to grow to 2,820,000 based on the following assumptions:

• Banking – (1,000,000) - Probable 6.4% increase over the next 10 years. (1,064,000)
• Insurance – (1,150,000) - Probable 7.5% increase over the next 10 years. (1,236,250)
• Securities and Commodities – (450,000) - Probable 15.5% increase over the next 10 years. (519,750)