Redaction for Financial Services
A Short History on Redaction
Redaction is a basic form of editing and can be applied in a variety of contexts. On the one hand, redaction is combining texts and slightly altering it to create a single document ready to be released to the reader. It is a term used to describe the removal of specific data or content held back for security or privacy reasons.
FINRA Rules Regarding Personal Data
FINRA or Financial Industry Regulation Authority is a private corporation that manages, regulates, enforces, arbitrates operations handled through the New York Stock Exchange. They are a self-regulatory agency. It is a non-government agency that works closely with and regulates transaction processes for member brokerage firms and exchange markets.
How Banks Improve Efficiency with Redaction Software
According to the Information Commissioner’s Office, businesses including banks have a responsibility to comply with the law, including the use of redaction techniques to protect third-party privacy and facilitate the fulfillment of legitimate SARs and FOIA requests.
Handling PCI DSS Compliance | Data Retention & Protection
All business owners who handle customer credit data must comply with PCI DSS. In order for you to understand how to be in compliance – it’s good to get a handle on what the PCI DSS standards are and which ones directly affect you and your business.
Financial Institutions and the Impact of New Privacy Regulations
Sometimes it is not as clear to the consumer or even the business owner the difference between confidentiality and privacy. This is why it is good to have a privacy professional help walk you through your audit and help with an understanding of the type of data you have and how it is being used.
How GDPR Affects American Companies
Cybersecurity and data privacy will continue to be one of the most important topics discussed in the world, whether we are talking about governments or corporations. While Europe might be leading the charge, the truth is that many individuals all across the world are wondering about how their data might be collected, harvested, or exploited, and this might lead to more legislation.