In response to an increasingly stringent stance by the
FSA and the OIC in relation to data security, which has been laid out in the FSA paper entitled "Data Security in Financial
Services" dated April, 2008, Newgen has begun offering both consultancy and specific hands-on services specifically tailored
to the IFA community to assist IFAs in interpreting and complying with these new guidelines. The guidelines are wide-reaching
in their implications and affect many apparently unrelated areas including:
- Client and staff authentication and authorization
- Business
Process design and documentation
- Application design and deployment
- Infrastructure
design and deployment
- Business Continuity and Disaster Recovery
- External Platforms operation
and integration
- Partner engagement and management
- Physical Security for
hard copy records and premises
Artifacts
produced in this context can include:
- Security Policy document(s)
- Security procedures
- Revised designs and operational procedures based on these documents
for:
- Business process flows
- Applications
- Infrastructure
- Revised integration paradigms for external platforms
- Business Continuity and Disaster Recovery strategy, plans and procedures
