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  • GlobalSCAPE In-Step With New Computer Security Laws 0 comments
    Mar 9, 2010 12:31 AM | about stocks: GSB, AMD, MSFT, IBM

    Massachusetts' New Database Security Law Now In Effect

    Massachusetts Data Privacy Law 201 CMR 17 is now in effect as of March 1, 2010. The measure mandates not reporting procedures but preventative measures to prevent system breaches from occurring at all.

    The law was enacted to make sure companies put in place a security policy and guidelines on how to use that policy to protect databased information. See Ericka Chickowski's article in Dark Reading for more on this Massachusetts law at http://www.darkreading.com/database_security/security/app-security/showArticle.jhtml?articleID=223200019&cid=nl_DR_DAILY_2010-03-08_h 

    Muti-billion dollar international IT firms and industry-specific firms have been watching the developments in state-mandated mandates. See Greg Hoffer's blog post on this at http://blog.globalscape.com/2010/01/industry-and-government-work-together-to-ensure-security-and-privacy-of-data/.

    In this writer's opinion, expect to see more state statutes affecting every area of computer system security and also expect to see the specific IT firms involved keeping abreast of of it and working with those firms who are top of the situation and prepared. As such, Globalscape is clearly one of the firms that has been well aware of the political climate in Massachusetts for several years and actually acquired Availl, formerly headquartered in Andover, MA. The company's enhancement of their EFT Server and their move into application whitelisting places them in a strong position in this area both to serve computer security needs of customers, such as Advanced Micro Devices (NYSE: AMD), IBM (NYSE: IBM), and Microsoft (NasdaqGS: MSFT), and to serve as a complementary business partner in the area of secure data endpoint to endpoint, or total path security.

    As the new vision of GlobalSCAPE has unfolded, it is becoming very apparent they foresaw these changes coming and prepared for it well in advance.

    Disclosure: Long GSB

    Stocks: GSB, AMD, MSFT, IBM
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