RECONNEX INTRODUCES PROGRAM TO HELP COMPANIES RAPIDLY GAIN CONTROL OF COMPLIANCE LIABILITIES
Reconnex e-Risk Rapid Assessment Program Shows Scope of Security Breaches Associated With Compliance Regulations in 48 Hours
MOUNTAIN VIEW, Calif. - September 20, 2004 - Reconnex, a pioneer in the development of high performance enterprise security solutions d esigned to reduce the costs and damage associated with disclosures of confidential information, today announced a new program as part of the company's compliance service offerings. The e-Risk Rapid Assessment program determines whether companies are in compliance with industry regulations and provides an unprecedented view into a company's intellectual and private information to protect competitive advantages and detect attacks against critical information repositories. Using the e-Risk Rapid Assessment program, companies across various industries can quickly gain visibility into the disclosure of their sensitive information and map these disclosures back to compliance violations The program quickly reveals the areas in which companies are not in compliance by tying together the disclosures of confidential information to key industry regulations including the Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act, California SB 1386 and Sarbanes-Oxley Act.
"Unauthorized disclosure of confidential information violates several laws and regulations which mandate that Boards of Directors and Executive Management ensure prudent internal controls are established to protect sensitive information," said Paul Reymann, CEO of the ReymannGroup Inc, one of the nation's leading financial institutions of regulatory experts and co-author of Section 501 of the Gramm-Leach-Bliley Act Data Protection regulation. "Reconnex understands the importance of these requirements and offers a comprehensive compliance platform that grants companies real-time monitoring and detection of non-public, sensitive information disclosures."
Reconnex's e-Risk Rapid Assessment team is deployed at a customer's site to quickly evaluate the types of confidential information leaving its corporate network. They then work with the customer over a period of four weeks to benchmark the number and severity of compliance violations. At the conclusion of the program, the customer receives a completely customized e-Risk dashboard summarizing violations in a way that can be easily shared with executive management.
"With federal regulations holding CEOs and other corporate executives personally liable for disclosures of proprietary company and customer information, we realized the sense of urgency to bring a service packaged around our state-of-the art content monitoring technology to help customers quickly assess where they were out of compliance," said Donald J. Massaro, president and CEO of Reconnex. "Our customers' voices were the driving force behind the e-Risk program. With limited resources and compliance deadlines looming, they articulated a strong need to rapidly assess where they might be vulnerable during an audit. Because we work together as a team, we can customize a solution that is going to remain in place as a long-term compliance solution to monitor their electronic assets as well as protect intellectual property, address corporate governance issues, and combat the growing insider threat."
A recent Gartner report estimates that through 2008, insiders will account for the majority of financial losses due to the unauthorized use of computers and networks. This means many organizations who have already made significant purchases in protecting their network perimeter must also find solutions that assess their vulnerability to such malicious insider attacks and add these solutions to their information security network ecosystem.
"The biggest challenge we face as a financial institution is not only determining how to protect ourselves from security threats on the outside that could result in detrimental ramifications to our network, but determining what vulnerabilities exist on the inside that are a danger to our business," said a CSO of a major financial institution who requested to remain anonymous due to privacy regarding how the institution is protecting its network. "We turned to Reconnex's e-Risk Rapid Assessment solution because it was a quick and easy way to gain visibility into our infrastructure that we could never before obtain. Literally, within a matter of minutes, the e-Risk program showed us the types of confidential information leaving our network. We immediately understood the scope of our problem and the Reconnex team was able to benchmark the severity of violations over the course of a month. Because of the e-Risk Rapid Assessment program, I have been able to offer remediation strategies to my management and answer tough questions from our auditors that I could not answer before the program."
The e-Risk Rapid Assessment program is a service built around the Reconnex G2 Content Analyzer, a passive enterprise security appliance enabling companies to determine in real-time what information is being sent to the outside world and where that information has landed. The Reconnex G2 Content Analyzer provides total visibility into the flow of information over the network and shows companies what types of non-public sensitive information is leaked outside the confines of their corporate network.
About Reconnex
Reconnex safeguards confidential information and reinforces the trust companies have in employees. The company has pioneered the development of high performance, hardware accelerated security appliances designed to prevent accidental and intentional disclosures of confidential information with the accuracy and scalability needed for enterprise deployments. Reconnex solutions give business line managers the unprecedented ability to see and control confidential information before it leaves the corporate network. Reconnex products are deployable in minutes with zero impact to business workflow. Intuitive Trusted Virtual Views allow different departments like legal, compliance, finance, sales and HR departments to track high-valued and sensitive information over the corporate network. Reconnex is an important part of any company's compliance strategy with high-profile regulations such as GLBA, Sarbanes Oaxley, and HIPAA. For more information, visit us on the web at www.reconnex.net or call 1-866-940-4590.
