RADAR 4.0 Supports Gramm-Leach-Bliley Act (GLBA) and Latest Changes to State Breach Notification Laws; ID Experts Announces Issuance of Second U.S. Patent for RADAR
PORTLAND, Ore. — July 23, 2014 — Financial institutions handle millions of transactions daily involving customers’ sensitive information. Add the complexities of maintaining the privacy of this information; mix in compliance obligations with federal regulations and the myriad of changing state breach laws; and you’ve got a recipe for non-compliance, wasted resources, increased risks, and potential fines. RADAR®, incident response management software (IRMS), simplifies the complexities and reduces risks associated with responding to security and privacy incidents. By using RADAR’s patented Breach Guidance Engine™, financial institutions can efficiently and consistently determine if a security incident is a breach under all applicable federal and state breach laws and manage all required notifications and documentation. In related news, the U.S. Patent and Trademark Office granted ID Experts’ RADAR U.S. Patent No. 8,763,133 on June 24, 2014. This is RADAR’s second patent for innovation in using software and analytical modeling for optimizing incident response management.