1 / 3

How Is Information Sharing Harmful - Shield FC

Information sharing can lead to some devastating consequences for financial institutions. Therefore it is important to maintain a strong firewall in place with detection tools present over there. To get more information visit: https://bit.ly/3qczXZp

shielfc
Download Presentation

How Is Information Sharing Harmful - Shield FC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE MANY CHALLENGES OF INFORMATION SHARING

  2. BUILDING THE CHINESE WALL This highlights a major challenge when it comes to compliance — particularly when it comes to the public and private side employees in financial institutions. The problem comes down to the fact that financial services firms frequently receive and handle information that counts as confidential or “insider” information (also known as MNPI – or Material Non-Public Information). INFORMATIONAL FIREWALLS The concept of Chinese walls has existed since the 1929 stock market crash when Congress first seriously discussed regulatory barriers separating investment bankers and brokers. However, the need for such divides has greatly increased over the past couple of decades, following the enacting of the Gramm-Leach-Bliley Act of 1999 (GLBA).

  3. HAVE THE RIGHT TOOLS IN PLACE At Shield, we know that the world of detection doesn’t stay still. It’s not enough to simply set up lexicon-based models and hope that they will catch any potentially violating behavior that’s thrown at them. With that in mind, we continually add to, modify, and otherwise improve the detection models we used to provide updated coverage regarding the latest risk areas, along with new products, areas of business, mandated lines, and comments from regulators. CONTACT US https://www.shieldfc.com/

More Related