A Tech World
By Carrie Le Grice
As seen in Senior Market Advisors Magazine,
December 1, 2006
How to attain better IT security
In all of its glory and convenience, the Web has its downfalls
when it comes to security that even the biggest and brightest
computer geeks can't seem to get their heads around. That
is, how to confront the ever-growing issue of IT security?
Pragmatix is one company that has set out to help financial
advisors, specifically, attain better IT security. How are
they doing this? Well, they do the work for you and claim
to give the same level of IT security that the larger wirehouses
have.
"Financial planners' activities and conduct are thoroughly
regulated in their role as investment advisors, insurance
agents, stock brokers, accountants and attorneys. Therefore,
it is critical that the data they handle is secure, confidential
and that all compliance regulations regarding electronic
documents are met," says Bill Abram, president of Pragmatix
for Senior Investment Advisor.
Walter Morales, CEO of Commonwealth Advisors, says that
his reasons for using this system is simple. "Pragmatix
enables my firm to access our critical systems remotely,
regardless of location and ensures that we always have a
secure environment that is always reliable."
Through an IBM system, Pragmatix supplies Web site hosting,
corporate intranet, e-mail and BlackBerry support, backup
and server management to individual financial planners and
financial services companies that have 75 or fewer desktops.
Because hosting is provided at a secure IBM data center
that includes server maintenance, intrusion detection and
firewall services, they claim that they severely reduce
the risk of power failures, data loss and security breaches
while allowing for increased productivity.
Sounds great, but the usual question lingers: How is this
different than all the other security products out there?
Abram tells us that the difference is in the package. "Though
financial planners can purchase all of the components of
this type of solution separately, Pragmatix Gold is packaged
and fully managed."
He goes on to say that they can customize a package on
a client-by-client basis, allowing them to directly address
the client's specific needs. Financial planners can also
designate certain people in their firm to view sensitive
information, keeping private matters what they are supposed
to be — private.
"This solution takes the whole worry of IT management,
compliance and security out of the client's hands. There's
no need to worry if they're on vacation or if there's a
power outage. They know that no matter where they are, their
IT is being managed and backed up."
We think this peace of mind may be worth at least looking
into. For more information, visit www. Pragmatixgold.com
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