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.
Sheltered Harbor participation is currently open to U.S. banks, credit unions, broker-dealers, and service providers of all sizes. Joining entitles participants access to the standard, support content and experts to help with implementation, and the knowledge that the institution is being proactive in protecting its customer account data, its own business, and public confidence in the US financial system.
Join Sheltered Harbor