The 2007 Aberdeen Benchmark study found that more than 70 percent of companies surveyed said that securing sensitive data is “high priority” but only 22 percent of companies have adopted data loss solutions. The study also looked at how “Best in Class” companies protect their sensitive data. These practices include the following:
- Identify and classify sensitive data throughout systems – in email, spreadsheets and wherever it resides
- Create a data use policy and hold users responsible with clear consequences for inappropriate use
- Enforce regulatory compliance
For many financial services companies, securing sensitive data is a priority, although the issue often competes with multiple other concerns. So how can companies juggle these competing demands?
If you're like most executives and investment managers, you know that your company should focus on customer service and corporate strategy. But the reality is that too many companies are bogged down in administration and day-to-day operations, with little time for initiatives such as data security.
SS&C Direct outsourcing services can help. When you outsource your business processes to SS&C, we manage the day-to-day activities, freeing you to focus on important strategic work. Those day-to-day activities,which include account administration, portfolio accounting, client management fee calculations, reconciliation, performance measurement and client statement production, leverage SS&C best practices for data security and business continuity.
Take control of your data security by partnering with SS&C. You’ll have the peace of mind that your data is secure in our state-of-the-art data centers. We have the people, technology and processes that can save you time and money as you work to achieve your strategic business goals. To find out more, please contact us.