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BCA Software Overview

Using BCA you can easily create a complete compliancy strategy.

SquareOne’s BCA platform is entirely windows based (98,2000,NT) and was designed from a user perspective. Simply install the software with our provided license and you can begin answering compliancy questions. the BCA pulls direct verbiage from the act followed by a specific question and sometimes an example. Within hours you can have a complete compliancy manual and actions specific your your company.

TheSquareOne BCA platform creates the frame work from which you can build compliant business practices and policies. This enterprise configuration baseline is leveraged by SquareOne's comprehensive list of FTC mandates under the GLBA.

HOW TO COMPLY:

• Hire a law firm to research and answer the laws in writing addressing the GLBA (cost $10,000+)
• Hire a CPA firm to research and answer the law in writing (cost $5,000+)
• Hire an IT security consultant to research your network and address the law (cost $7,500+)
• Hire an HR firm to research and answer the law in writing addressing the GLBA concerns with employee hiring and terminations (cost $30,000+)
• Hire a compliance consultant and have them review and approve all the written information put together above and compile it into a manual (cost $ 10,000+)

OR YOU CAN

• INVEST IN A COMPLIANCE COMPANY WHO SPECIALIZES IN GLBA COMPLIANCY AND HAS ALREADY RESEARCHED, ADDRESSED AND DEVELOPED A TURN-KEY APPROACH TO ASSIST YOU WITH BECOMING GLBA COMPLIANT.

RECOMMENDATIONS:

Know your regulations. This includes both those related to public and private companies in general, and those that are specific to your industry.
Develop your enterprise strategy and plan for compliance. Make sure your strategy encompasses both processes and content, since both are necessary to ensure compliance.
Document your retention policies, procedures and schedules. This is important not only to prove to the regulatory bodies that you have them, but also to communicate these policies, procedures and schedules to your employees so they can follow them.
Determine your specific requirements for a technology solution to enable you to implement your enterprise compliance plan and support your retention policies and your processes.
Assess your current technology to determine if it meets your requirements and where gaps may exist.
Research the additional technology needed and procure and implement it as required

At a minimum, institutions must:

Appoint an individual or group to bear specific responsibility for GLB compliance.
Identify risks to customer information and assess existing safeguards.
Implement safeguards that are needed to fill any gaps.
Monitor the effectiveness of all safeguards.
Ensure service providers are capable of meeting GLB requirements.
Adjust the organization's security program as necessary when circumstances change.

GLBA affects an extremely wide range of organizations including banking institutions, insurance companies, securities firms, tax preparers, and credit card companies. All federally insured financial institutions must demonstrate enterprise-wide compliance by July 2002. After July 2002, the regulatory agencies will examine for full compliance on an ongoing basis.

Depending upon the financial institutions' supervisory authority, GLBA compliance audits are conducted by either the Office of the Comptroller of the Currency (OCC), the Federal Reserve Systems (Fed), the Federal Deposit Insurance Corporation (FDIC), or the Office of Thrift Supervision (OTS).