ATLANTA, April 25, 2005 (PRIMEZONE) -- GuardedNet Inc. (www.guarded.net), a leading provider of enterprise security management software, today announced that its neuSECURE(tm) software platform has been chosen by twelve (12) of the world's foremost financial services companies. neuSECURE serves as their security management platform, centralizing the security data from throughout their networks and automating many of their threat management and policy compliance initiatives.
"The financial services industry has always been visionary when it comes to technology and security technology is no exception. These are progressive institutions that consider the safekeeping of their clients' information their first priority," said Tom McNeight, CEO of GuardedNet. "We are thrilled that they consider our solution as a critical platform for their security operations."
Audit Requirements
Financial services companies manage the financial health of millions of people, therefore the confidentiality and integrity of data has always been tantamount, but the recent regulation of information security practices at financial institutions has intensified that focus. For example, one of the main concerns for our financial services customers is compliance with the Gramm-Leach-Bliley Act (GLBA).
GLBA, a law instituted in 1999 to update the financial services industry, included a number of requirements for the privacy of customer's personal and financial data. Financial institutions undergo several security audits each year to prove compliance with these regulations. The regulations require some level of automation of the monitoring function as well as automation of the event correlation function in order to catch critical incidents that might hide in an overabundance of security log information. In addition, GLBA requires an abundance of reports on the actual security posture as well as regarding the security controls that are in place. neuSECURE provides all three of these capabilities. Since deploying neuSECURE, our customers have been able to impress auditors with their enhanced processes and their increased effectiveness through automation. In addition, several of our customers have found neuSECURE indispensable in cases of fraud investigation.
Integration and Automation
Another catalyst for the purchase of neuSECURE is the desire for integration of the information security function across business lines. neuSECURE's agnostic approach to event management enables security teams to pull in disparate logs from across the organization and have them automatically normalized and correlated, so that important events were brought to the surface and could be reacted to quickly.
Security teams also appreciate the automation of incident tracking within neuSECURE through its ticketing system and superlative workflow capabilities. Teams have found that they can keep their headcount static and still do more with less, by taking advantage of the automated functionality within neuSECURE.
About GuardedNet(r):
GuardedNet delivers advanced enterprise security management and incident response solutions designed to improve the effectiveness, efficiency, and visibility of security operations and information risk management. Its software platform, neuSECURE(tm), enables centralized security monitoring and incident management in heterogeneous security environments, improving corporate security and reducing operational costs. GuardedNet has received numerous accolades and was recently named a finalist in Network Computing Magazine's 2004 Well Connected Awards for outstanding performance in Security Information Management. GuardedNet's neuSECURE has also received Information Security Magazine's Hot Pick of the Month for a security product in February 2004. In 2003, GuardedNet was the recipient of Information Security Magazine's Horizon Award for Customer Satisfaction. GuardedNet is a private company, headquartered in Atlanta, Georgia. For more information about GuardedNet, please call 888-599-8297 or visit www.guarded.net.
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