Project Description
Company
Guilford Savings Bank
Industry
Financial
Guilford Savings Bank is a trusted mutual savings bank which has been serving the financial needs of individuals, families, and businesses for 135 years. GSB currently has over 100 employees and seven offices located along the Connecticut shoreline, with approximately 125 Microsoft‐based workstations.
The Challenge:
With the growing number of regulations in the banking industry, Guilford Savings Bank turned to CTComp to upgrade their compliance software, choosing Symantec Control Compliance Suite. The IT staff at Guilford Savings Bank and CTComp have worked together successfully for almost three decades, so the decision to work with CTComp on this project was automatic.
The Solution:
The previous compliance system utilized by Guilford Savings Bank was inefficient, difficult to modify, and time consuming. According to Bette Lou Rush, IS Officer at Guilford Savings Bank, the old product they used was primarily an “after‐the‐fact” reporting tool: “Control Compliance Suite builds on its reporting capabilities and allows us to customize our settings. It automatically compares reports toto the bank’s policies to help up ensure compliance.”
Being in accordance with established guidelines, specifications, and regulation is critical in the banking industry. Control Compliance Suite by Symantec offers Guilford Savings Bank the following features:
- Identifies IT compliance objectives
- Creates and manages written policies
- Maps policies to regulations and frameworks
- Gathers data and evidence
- Assesses risks
- Tests and monitors compliance of controls against company policies
- Provides detailed remediation instructions to fix deficiencies in controls
- Generates customizable reports
“We use several products that CTComp has recommended and implemented, which have driven Guilford Savings Bank into the 21st Century.”
“I have worked with CTComp since the mid‐1980s. I have a lot of respect for CTComp and their technical expertise. They do it all, they do it well, and they do it with the customer as their top priority.”
“Our Account Executive, Tom Riggio, never makes recommendations just to make a sale. I don’t think we could make appropriate decisions about our ever‐changing IT infrastructure without his expertise and commitment to working with us.”
