How Does Sheltered Harbor Achieve Greater Protection for Community Bank Customers?
Industry Response — Resiliency standards established by the financial services industry ensure that consumers receive timely access to their accounts in the event that their bank or brokerage firm becomes inoperable due to a major cyber event.
Standard Data — All participating institutions make a daily copy of the consumer’s account data in a standard format, which enables the restoration of account by another institution or processor in the event of a major loss of operations.
Monitored Regularly — All participating institutions update their adherence reviews to ensure that the Sheltered Harbor standards are exercised consistently and in accordance with Sheltered Harbor specifications.
Secure Vault — Your customers’ account data is archived in a secure data vault that is protected from alteration or deletion. The data will stay intact and accessible if needed-exactly as when it was archived. Think of this as a fall-out shelter for customer data, with each institution providing its own data vault.
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