100% Employee Owned

Financial Services

Secure, Compliant, and Scalable IT Support for Financial Services Firms

Selecting the right IT partner can significantly advance your business and provide exceptional support.

Managed IT Service for Financial Services Firms

Financial services firms face unique challenges related to compliance and regulatory requirements. We have over 40 years of experience working with financial institutions, advisors, and investment firms. Our level of knowledge of financial requirements and software solutions is unmatched by our competition. 

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Core Management IT Services Tailored to Construction Companies

IT Infrastructure Management​

As your dedicated IT Partner, we will work with you to manage your IT network.

  • Network monitoring and maintenance
  • Server and endpoint management
  • Cloud migration and hybrid cloud support
  • Remote desktop and VPN access for field teams
  • Hardware purchases
Cybersecurity Services​

To ensure the safety of your business, we will collaborate with you to install and configure our comprehensive suite of cybersecurity services.

  • 24/7 threat monitoring, detection, and response (MDR)
  • Endpoint, detection, and response (EDR)
  • Multi-factor Authentication (MFA/2FA)
  • Vulnerability Management
  • Firewall and intrusion prevention
  • Web and Email Defense Services
Data Backup and Disaster Recovery​

We take data backup and disaster recovery very seriously. We ensure the right type of data backup to meet your business needs.

  • Automated backups
  • Business continuity planning
  • Disaster recovery as a service​
Remote and End-user Support​

As your dedicated team of IT professionals, you will have access to our three-tiered support system, which includes in-house and remote assistance, as well as our field service team and server engineers.

  • 24/7 technical support
  • Remote troubleshooting
  • One-site support
  • Project support
Cloud and SaaS Management​

Effective management of cloud and SaaS is crucial for businesses aiming to optimize their operations. Maintaining oversight, tracking usage, and ensuring data integrity are vital aspects of this management.

  • Microsoft 365 and Google Workspace
  • Cloud storage
  • License and subscription management
Compliance Management​

Compliance management is crucial for businesses to ensure adherence to legal, regulatory, and industry standards. The right IT partner can streamline this process.

  • Dedicated Compliance Management Tool
  • Dedicated Security Professional
  • Services that meet compliance requirements

Common Financial Services Software

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Why Do Financial Services Firms Need a Compliance-Focused MSP?

As financial services firms continue to operate in a cloud-based environment, they are increasingly vulnerable to cyberattacks. A dedicated IT Partner can help navigate these threats and implement security features.

  • Financial institutions face cyberattacks 300x more frequently than other sectors.1
  • Downtime or data breaches can result in millions of dollars in losses and reputational damage.
  • Regulatory scrutiny is increasing, particularly in areas such as data privacy, AML, and digital assets.2

Key Compliance Requirements for Construction Companies

FTC Safeguard Rule Framework

The FTC Safeguards Rule, under the Gramm-Leach-Bliley Act (GLBA), requires financial institutions to implement a comprehensive Information Security Program (ISP) to protect customer data. Here’s what that entails:

Designate a Qualified Individual

  • Responsible for overseeing and enforcing the security program.
  • Can be internal or a third-party provider (but accountability remains with the firm).


Conduct a Written Risk Assessment

  • Inventory all customer data and systems.
  • Identify internal and external risks to data confidentiality, integrity, and availability.
  • Reassess periodically as threats evolve.


Design and Implement Safeguards

  • Access Controls: Limit access to sensitive data.
  • Data Inventory: Know where data is stored and transmitted.
  • Encryption: Encrypt data at rest and in transit.
  • App Security: Evaluate third-party and custom apps.
  • Multi-Factor Authentication: Required for system access.
  • Secure Disposal: Remove data after 2 years, unless legally required to retain it.
  • Change Management: Evaluate risks when systems change.
  • User Activity Monitoring: Log and detect unauthorized access.


Regular Testing and Monitoring

  • Continuous monitoring or:
  • Annual penetration testing
  • Biannual vulnerability scans


Employee Training

  • Ongoing security awareness training.
  • Specialized training for those handling sensitive data.


Service Provider Oversight

  • Contracts must include security expectations.
  • Monitor and reassess provider compliance.


Keep the Program Current

  • Update based on operational changes, new threats, or incidents that may arise.


Incident Response Plan

  • Goals, roles, communication protocols
  • Documentation and post-mortem analysis


Annual Board Reporting

  • Written report covering:
    • Risk assessments
    • Test results
    • Security events
    • Recommendations


Breach Notification

  • Notify the FTC within 30 days of a breach affecting 500 or more consumers.
Written Information Security Program (WISP) Framework

A WISP is a formal document that outlines how a financial institution protects sensitive data. It is required under both the FTC Safeguards Rule and IRS Publication 4557.

Key Components of a WISP:

Qualified Individual

  • Same as the FTC requirement; responsible for WISP implementation.

Risk Assessment

  • Identify where sensitive data resides.
  • Evaluate threats and vulnerabilities.

Safeguards Implementation

  • Based on risk assessment.
  • Includes encryption, access controls, and secure disposal.

Monitoring and Testing

  • Regular system scans and penetration testing.

Employee Training

  • Security awareness and phishing prevention.

Service Provider Management

  • Ensure vendors follow equivalent security practices.

Program Maintenance

  • Update WISP as business or threat landscape changes.

Incident Response Plan

  • Documented procedures for breach response.

Annual Review

  • Report to leadership on the effectiveness of WISP and provide updates.

Compliance Mapping

  • Align with FTC, GLBA, IRS, and state-specific laws.

TAB Compliance Manager

A compliance framework is essential for meeting regulatory requirements and avoiding costly penalties and fines. A framework helps organizations maintain their reputation and client trust while also improving their overall efficiency and effectiveness by streamlining processes, reducing costs, and enhancing accountability and transparency. Maintaining a framework can be difficult, including documenting and implementing organizational processes and procedures that need to be maintained to ensure organizations adhere to internal rules and external regulations. That’s why businesses need our Compliance Manager. TAB has Certified CMMC Professionals on staff to assist you with this process.

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Compliance

Resources

Download our security datasheets for WISP (Written Information Security Program) and FTC Safeguard Rules. We’ve put together an easy-to-read and use checklist to keep your compliance on track.

Download the FTC Safeguard Rule Datasheet
Download the Written Information Security Program Datasheet
As a 100% employee-owned company, we are fully committed to providing transparent and affordable services that meet your specific needs. With flexible month-to-month contracts and à la carte solutions, you only pay for what you use, ensuring that your business remains compliant, secure, and efficient.

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100% Employee Owned