Truth Technologies News05-31-2016 - Data Security
Preventing Employee Caused Data-Security Incidents
The number-one risk to a data-security incident is willful or negligent acts of employees. Therefore when selecting an anti-money laundering (AML) software provider, it’s extremely important to ensure that the AML software provider (i) requires that all employees undergo background checks, (ii) implements safeguards, including data encryption that can prevent or minimize the damage from a willful or negligent employee caused security breach and (iii) has a culture of cyber-security, as evidenced by their policies, procedures, training, third-party security assessments and testing. Truth Technologies Inc is an example of an AML software provider that meets all of these requirements.