SEI Selects Tripwire Enterprise to Ensure compliance with online banking regulations
Portland, OR - Nov 30, 2009 - Tripwire®, the leader in IT Security and Compliance Automation, announced today that SEI (NASDAQ: SEIC), a leading global provider of outsourced asset management, investment processing and investment operations solutions, has implemented Tripwire Enterprise to achieve and maintain compliance with various regulations governing security in online banking.
As hackers become increasingly sophisticated in their tactics, comprehensive assessments must be conducted to identify potential security weaknesses and threats. Financial organizations require tools that deliver proactive protection against possible security intrusions and help meet the ever-growing number of regulatory standards designed to protect data shared online. Tripwire Enterprise evaluates changes made to IT systems to ensure they are both authorized and in compliance with these standards, enabling SEI to reinforce data center processes and help ensure the safety of customer financial data.
"SEI conducts wealth management and private banking business in 12 countries, making transactions in 27 currencies and trading on 53 exchanges. Investment in risk management is of utmost importance to the security of our online banking systems," said Corey Moscoe, Chief Information Security Officer, SEI. "With Tripwire Enterprise, we have a single and reportable source with which to ensure not only compliance with our own security policies, but also to meet the intent of online banking regulations."
Tripwire Enterprise incorporates policy templates that assess relevant configurations across physical and virtual infrastructures, alerting administrators to settings that are out of line with compliance requirements. Once configurations have been adjusted Tripwire Enterprise's file integrity monitoring ensures systems remain in compliance, with automatic alerts flagging suspect change activity and built-in remediation guidance to assist in the rapid repair of out-of-compliance settings. Tripwire Enterprise also automatically stores test results histories, providing an audit trail that can easily be generated as reports in preparation for the auditing process – reducing the burden of attaining and proving continuous compliance.
"As the financial industry faces more regulation, Tripwire is uniquely suited to help companies address the complexities of compliance," said Dan Schoenbaum, Chief Operating Officer, Products at Tripwire, Inc. "With out-of-the-box configuration assessment policies developed in conjunction with key regulations and standards, Tripwire Enterprise ensures organizations quickly get virtual and physical IT configurations into a continuously compliant state, as has been accomplished with SEI."
SEI (NASDAQ: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $383 billion in mutual fund and pooled assets and manages $156 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.