Compliance for Financial Services

Streamline compliance, meet regulatory standards, and reduce risk with Thrive's expertise.

> Compliance for Financial Services

Why Compliance Is Important to Financial Services

Avoids Legal and Financial Penalties
Protects Sensitive Data
Builds Trust with Partners and Customers

Mitigates Financial and Operational Risks
Supports Cyber Resilience

How Thrive Can Help

Thrive specializes in helping financial services organizations navigate complex regulatory landscapes with dedicated cybersecurity and technology Advisory Services experts. Our scalable and secure solutions are tailored to meet the unique needs of the financial sector, ensuring compliance and operational efficiency. With continuous monitoring and reporting, Thrive provides the insights and security needed for peace of mind in a dynamic, highly-regulated industry.

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Key Regulations in Financial Services

Adhering to global and local regulations is essential for financial services organizations to ensure compliance, mitigate risks, and maintain trust with clients and stakeholders.

Autonomous Penetration Testing

Securities and Exchange Commission (SEC) Rules and Regulations

SEC regulations establish compliance standards to protect investors, ensure fair markets, and promote transparency in the U.S. financial system. These rules impact publicly traded companies, investment advisors, brokers, and other entities in the Securities industry.

Key areas include:

Cybersecurity risk management
Incident response program
Incident reporting and disclosures

Gramm-Leach-Bliley Act (GLBA) Safeguards Rule

GLBA mandates that financial institutions in the U.S. protect the confidentiality and security of customers’ private information. It applies to banks, insurance companies, mortgage brokers, and other businesses offering financial products or services.

Key requirements include:

Conducting risk assessments to identify potential threats to customer information
Implementing safeguards to secure data
Testing the security program

Driving Better Business Outcomes

“Thrive already had an understanding of Frontier’s business and direction from their tenure in the Financial industry. Thrive’s solutions are highly reliable.”

Skip Carino, CTO, Frontier Capital

Digital Operational Resilience Act (DORA)

DORA is a European Union regulation designed to strengthen the operational resilience of the financial sector by ensuring that firms can withstand and recover from information and communication technology (ICT) disruptions, even during severe operational impacts like denial of service (DDoS) cyber-attacks and ransomware.
It applies to Financial Entities including banks, insurers, and investment firms, and third-party ICT service providers operating in the EU.

Key requirements include: