NCUA & OFAC Compliance Issues Resolved

With the recent tragedies creating new requirements that all U.S. financial institutions be compliant with the U.S. Dept of Treasury' OFAC regulations, a new application, the OFAC Scout, has been developed several to resolve systems & network security related issues as well as other governmental requirements for credit unions of all sizes.

 

By My Credit Union

 
GUS Networks, Inc., www.gus.net a Los Angeles based total solution provider working in conjunction with credit unions and federal agencies, has developed several comprehensive programs to resolve systems & network security related issues as well as other governmental requirements for credit unions of all sizes.

With the recent tragedies creating new requirements that all U.S. financial institutions be compliant with the U.S. Dept of Treasury' OFAC regulations, GUS has created an application, the OFAC Scout, (available in both a Windows and a Web-based version), that provides your credit union with the ability to run updated lists of organizations and individuals identified as being associated with terrorists that are routinely provided by OFAC against your existing membership and new applicant database to search for potential matches.

This application simplifies the entire process with minimal efforts on the part of the credit union and provides the necessary measures to ensure that your credit union is compliant with OFAC regulations as well as the NCUA' letter No. 01-CU-25.

GUS has also developed comprehensive programs to meet system and network security related requirements of the NCUA ISTEP program.

GUS Network' External Penetration and Vulnerability Testing Service
is designed to help you address those issues as well as many more key issues on your network security. The objective of External Penetration and Vulnerability Testing is to measure the exposure of the network resources and online services to attacks from the Internet, and evaluate the effectiveness of network controls, including firewalls, routers, and servers, to prevent such attacks. It also identifies potential weakness in services, network topology, user training, policies and procedures, and system configuration problems.

Strength in Partnership

Through its partnership with NetScreen Technologies, www.netscreen.com GUS sells and supports NetScreen' Firewall/VPN security appliances that provide frontline protection for your systems and network critical security needs. The company's ASIC-based hardware systems and appliances enable near wire-speed packet processing and ensure full connection bandwidth by reducing the performance bottlenecks associated with other legacy security products.

GUS' Network Operation Center utilizes and recommends NetScreen Firewall/VPN appliances as a top of the line solution for your security requirements. In most cases, NetScreen outperforms its chief competitors Cisco and Checkpoint offering a wider array of products that provide more functionality at a cost-effective pricing structure.

Network Security Services

We also provide other programs such as an industry leading comprehensive Virus Protection Program, (TrendMicro' NeatSuite), that protects your systems against viruses and other malicious code and an advanced Intrusion Detection and Response Program that will assist you when an attempt at a break-in or a compromise occurs, allowing you to monitor all of your network connections (i.e. traffic) in real-time while observing the composition of any suspicious activity that takes place.

Whatever your needs may be, GUS can develop a program to meet and exceed your expectations.
For a no obligation proposal, please telephone 626.330.2003 and ask for either Michael Manette at extension 103 or Daniel Yeh at extension 153 or email your request to creditunions@gus.net

 

This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.

If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at ads@creditunions.com or 1-800-446-7453.

 

Feb. 11, 2002


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