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Security's The Name Of The Game For Wall Street's Back Office.(INTERNET & TECHNOLOGY)(Q & A)
Byline: DONNA HOWELL
Hundreds of trillions of dollars in deals flow through the Depository Trust & Clearing Corp.'s networks every year. Based in New York and owned by its main financial and trading institution customers, the DTCC is a depository and clearinghouse for stocks, bonds, mutual funds and the like. It's the largest outfit of this kind in the world.
Jim Routh, chief information security officer at the DTCC, understandably sweats the small stuff. Making sure data at the DTCC stay safe is crucial to investors, institutions and the economy.
Routh recently spoke with IBD about his organization's approach to security.
IBD: What is it about the DTCC's work that makes data safety vital?
Routh: It's the back office for all the trades settled in Wall Street. And part of the critical financial services infrastructure of the U.S. That's it in a nutshell.
IBD: So how do you ensure security?
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