Financial Services Resource Center for HR: Information Security

This item is part of Financial Services Resource Center for HR

Protecting and managing employee privacy is a key aspect for HR in the financial services industry. Employers need to be aware of employee rights when it comes to personal and confidential information such as social security numbers and the steps that must be taken if security is breached and private data and information is compromised. Further, financial services employers need to take steps to safeguard and secure customer information and prevent identity theft. Increasingly, financial industry or services employers need to be concerned about the use of the internet, email and social media in the workplace as well as the practice of allowing employees to "bring their own devices" to the workplace as this presents a risk that the employer's valuable and proprietary information may be compromised. Thus, it is necessary for employers in the financial sector to create clear policies that outline both employer and employee rights and responsibilities when it comes to privacy and securing of confidential information.

XpertHR has the following information to help financial services employers protect and manage employee privacy in the workplace: