Multi-specialist asset management organisation protects transfer of sensitive data

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With awareness of data breaches at an all-time high, financial
institutions are working hard to implement policies and solutions
that protect sensitive financial information along with their
reputations and industry competitiveness. In today’s digital
world, critical financial data is being sent back and forth between
businesses and individuals at speeds faster than anyone ever
thought possible. While this information exchange allows financial
institutions to deliver higher levels of service and capitalise on
emerging growth opportunities, it also leaves them vulnerable to
security breaches and data leaks.
Hermes a multi-specialist asset manager, owned by BT Pension
Scheme (BTPS), deals with a huge amount of sensitive data and,
therefore, turned to Ipswitch to provide them with a secure and
reliable solution to help protect the transfer of data and information.
Requiring a fully versatile solution they installed Ipswitch’s MOVEit DMZ Enterprise.
Hermes offers a range of investment solutions ranging from alternative strategies, such as fund of hedge
funds and commodities, to engagement focus funds, real estate, private equity and specialist equity products.
Its pension fund management service, Hermes Pension Fund Management Limited (HPFM), runs alongside
its multi-specialist structure and acts as the executive arm of the BT Pension Scheme (BTPS). Hermes
currently invests assets on behalf of 204 clients across these product areas and has over £20 billion under
management.
“We needed to host an FTP site so that people could post information to us, which, obviously, needed to be
very secure due to the sensitivity of the data,” explained Jamie Dewar, Technical Services Manager, Hermes.
“We didn’t host FTP before as we were a ‘pull only’ organisation and just used the basic Microsoft mainline
tools. However, due to changing business requirements we required an enterprise-class FTP solution that
was highly secure.”
MOVEit DMZ is an enterprise data transfer server that boasts end-to-end encrypted transfer and storage of
data, as well as delivering powerful administration and reporting capabilities. It resides on a secure server in
a ‘de-militarised zone’ (DMZ) attached to a firewall. This enables it to be accessed through the firewall from
both inside and outside of a network for transfers including End-User-to-End-User, End-User-to-Backend-
System and Backend-System-to-Backend-System.

With awareness of data breaches at an all-time high, financial institutions are working hard to implement policies and solutions that protect sensitive financial information along with their reputations and industry competitiveness. In today’s digital world, critical financial data is being sent back and forth between businesses and individuals at speeds faster than anyone ever thought possible. While this information exchange allows financial institutions to deliver higher levels of service and capitalise on emerging growth opportunities, it also leaves them vulnerable to security breaches and data leaks.

Hermes a multi-specialist asset manager, owned by BT Pension Scheme (BTPS), deals with a huge amount of sensitive data and, therefore, turned to Ipswitch to provide them with a secure and reliable solution to help protect the transfer of data and information. Requiring a fully versatile solution they installed Ipswitch’s MOVEit DMZ Enterprise.

“We needed to host an FTP site so that people could post information to us, which, obviously, needed to be very secure due to the sensitivity of the data,” explained Jamie Dewar, Technical Services Manager, Hermes. “We didn’t host FTP before as we were a ‘pull only’ organisation and just used the basic Microsoft mainline tools. However, due to changing business requirements we required an enterprise-class FTP solution that was highly secure.”

Read more about Hermes and how they protect their private data: http://www.ipswitchft.com/Company/PressReleases/Hermes_CS.aspx

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One Comment

  1. Posted January 22, 2010 at 2:00 pm | Permalink

    Data insecurity is extremly dangerous. i would never recommend an FTP site for any valuable information. It should be kept on a secure server under extreme protection.

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