Solutions for Financial Services and Insurance Companies: FoxT Provides Tried-and-Tested IT Controls for Identity and Access Management

The financial services and insurance sectors have always been heavily regulated compared with many other industries, so in some ways banks and insurance companies were well prepared for the latest round of regulatory mandates including the Sarbanes-Oxley Act, Gramm-Leach-Bliley Act and HIPAA. That said, challenges remain, particularly when it comes to achieving compliance in IT infrastructure. In approaching audits, it can often be tempting to focus on specific applications and making sure controls on segregation of duties are in place for those applications.