Bangalore, Sep 17: Infosys Technologies Limited today announced that it has joined the Financial Institution Shared Assessments Programme, the financial services industry's leading standards body that provides tools for evaluating the security practices of Information Technology (IT) services providers.
The Shared Assessments Programme was created by BITS, the technology division of the Financial Services Roundtable, to combine the expertise of financial institutions, IT service providers, and accounting firms in creating global security standards. Companies that use the programme gain significant efficiencies in the security assessment process through a standardized questionnaire and assessment report. Both could be shared with an unlimited number of clients, Infosys said in a release here.
Infosys is the first company based outside of North America to join the organisation's working group.
In addition to indicating Infosys 'commitment to regulatory accountability, participation in the Shared Assessments Programme would enable Infosys clients to verify Infosys' adherence to more than 45 security controls. The Programme's standards were aligned with ISO 27002, PCI DSS v1.1, and other financial services regulations, and reduce redundancies in the entire security assessment process. Because it reduced overlap among various financial institution information requests, the Programme could eliminate the burden for clients of sending teams to conduct on-site security audits.