NET2S, a technology consultancy, has partnered with SkyRecon, the provider of security solutions, to protect financial institutions from the ever-growing threat of data leakage and information theft.
With trading platforms providing a number of information sharing capabilities such as market data, instant messaging and e-mail, which often fall outside of the typical IT/security management infrastructure, the companies believe the number of avenues for sharing and leaking sensitive information are high. SkyRecon’s TradeShield solution works with these platforms to protect the institution’s critical business systems without interfering with the important trading environment.
“The €4.9 billion ($7.1 billion) loss incurred by [Société Générale] this year proved how costly breaches in IT security can be,” comments Hans Haverhals, director of IT security at NET2S. “With confidence in the financial services industry already at a significant low, financial institutions cannot afford the current spate of negative headlines brought about by high profile data leakages. Confidence and reputation is king in the financial markets, and by partnering with SkyRecon, we can help protect this most valuable asset.”