SEI, the US-based financial services firm, has implemented Tripwire Enterprise - an IT assessment system - to ensure that it meets international regulatory requirements governing security in online banking.

Clients are increasingly demanding online access to information about their financial affairs, but in a world where computer hackers continue to become increasingly sophisticated, and determined, banks and governments are understandably concerned over the potential for security intrusions. In order to protect data shared online governments are issuing an increasing number of regulatory standards, and so firms operating internationally – such as SEI – have a somewhat onerous task to ensure their compliance.

Tripwire Enterprise evaluates changes made to firms’ IT systems to ensure that they are both authorised and compliant with the relevant regulatory standards. This, Tripwire said, will allow SEI to reinforce its data centre processes and help ensure the safety of clients’ 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. 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," said Corey Moscoe, Chief Information Security Officer, SEI