Bangalore, Sep 17 (UNI) Infosys Technologies Ltd today announced that it has joined the Financial Institution Shared Assessments Programme, the financial service industry's leading standard body that provide tools for evaluating the security practices in IT service 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.
According to a release issued by Infosys here, companies using this programme would gain significant efficiencies in the security assessment process through a standardized questionnaire and assessment report, which could be shared with an unlimited number of clients.
Infosys is the first company based outside North America to join the organisation's working group.
In addition to indicating Infosys' commitment to regulatory accountability, the participation in the Shared Assessments Programme would enable clients to verify Infosys' adherence to more than 45 security controls. The programme standards were aligned with ISO 27002, PCI DSS v1.1, and other financial service regulations, and reduce redundancies in the entire security assessment process. As 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, the release added.