GLBA News

DTCC Chooses Vontu for Data Loss Prevention

(Sept 26, 2007)-- Vontu  announced that The Depository Trust & Clearing Corporation (DTCC) has selected the Vontu Data Loss Prevention solution to help safeguard confidential information wherever it is stored or used.

"We selected Vontu for its proven expertise in developing data loss prevention programs at leading financial services organizations and because its technology is easy to deploy, learn and use," said Jim Routh, DTCC's chief information security officer. "Vontu enables our security team to mitigate the risk of data loss by providing a centralized platform for the enforcement of our data security policies."

DTCC's post-trade infrastructure system handles millions of transactions each day and ensures uninterrupted connectivity to thousands of financial firms in the U.S. and overseas. Routh said that by integrating Vontu as a part of DTCC's corporate security initiative, "We can further ensure that our systems maintain the highest levels of security and privacy standards in the industry."

The Vontu Data Loss Prevention suite provides unified policy enforcement across all of its product components. Vontu Discover and Vontu Protect safeguard confidential data located on file servers, web servers, databases and other data repositories. Vontu Network Monitor and Vontu Network Prevent stop data loss via email, IM, Web, Secure Web, FTP or other Internet protocols. Vontu Endpoint Monitor provides visibility and control over confidential data on USB drives, CD-ROMs, iPods, and other removable media, as well as downloads to local drives.

To meet the highest standards of data security, DTCC required a policy-based solution that would prevent sensitive data from leaving the company, including customer and employee data, as well as corporate information such as strategic business plans, competitive intelligence, confidential documents and network diagrams. Also driving the corporate data protection program was the need to comply with federal and state regulations on customer privacy, including the Gramm-Leach-Bliley Act (GLBA) and California SB-1386.

"To conduct business in a highly regulated industry such as financial services, companies like DTCC rely on Vontu solutions to reduce their financial risk, including remediation costs and legal exposure; protect brand equity and customer loyalty; and ensure compliance with internal policies and government regulations," said Steve Roop, vice president of products and marketing at Vontu, Inc.

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