LAKE SUCCESS, NY -- (MARKET WIRE) -- 11/10/08 --
Broadridge Financial Solutions, Inc.
(NYSE: BR) has received the prestigious ISO 27001 Certification for its
core ProxyPlus®, Brokerage Processing Services (BPS®), and impact(SM)
applications. This international certification specifically covers
Broadridge's Information Security Management Systems (ISMS) for these
flagship products, validating that the associated security policies for
these applications have undergone in-depth testing and external audits.
The new certification provides better protection and privacy for Broadridge
clients' data by ensuring that there is enhanced tracking and reporting on
the Company's security initiatives. Broadridge is distinguished amongst
its competitors for its superior information security model and is one of
only 77 companies in the United States that are currently ISO 27001
certified; of these companies, less than 10% are in the financial services
industry.
Broadridge recognizes that the data processed by Broadridge on behalf of
its clients is among its clients' most vital assets as it is confidential
information related to their retail and institutional brokerage and
investor communications activities. The certification adds yet another
layer of security for Broadridge clients as they conduct their integral
operations and transactions using key Broadridge applications to process
this data. ProxyPlus is Broadridge's enterprise application that supports
the core processing functions of Broadridge's proxy services, the Company's
largest business. Broadridge's BPS platform is one of the most robust
securities processing engines in the industry for equities, mutual funds,
and options providing real-time interfaces, as well as links to all major
United States exchanges. Broadridge's impact solution is an integrated,
online fixed-income securities transaction processing system, offering
leading global financial institutions the ability to process fixed-income
trades from order entry through to customized post-trade reporting. The
certification of ProxyPlus, BPS, and impact offers the global banks and
broker-dealers as well as corporate issuers and mutual funds whose data is
processed using these three applications, the assurance that Broadridge has
created and implemented information security practices that are
comprehensive and stringent enough to meet ISO standards.
The ISO 27001 Certification is designed to assist corporations with the
development of a consistent methodology for implementing information
security at the program level, as well as defining key control objectives
designed to protect information assets. ISO 27001 is the only auditable
international standard which defines the requirements for an ISMS to ensure
that sufficient security controls are instituted within the certified
organization. Additionally, maintaining the ISO 27001 Certification
requires an annual review and three-year re-certification. The continual
scrutiny of Broadridge's ISMS in this manner provides confidence to clients
that their data is protected on an ongoing basis.
"We are proud to have earned this certification and believe it reflects the
dedication of our Information Security team to ensure that we have the
highest level of controls in place when handling our clients' confidential
information," said Mark Schlesinger, Chief Information Officer, Broadridge.
"Data security is essential to the survival and stability of any
organization and Broadridge's ISO Certification offers our clients a higher
level of safeguard and protection for their information assets," Mr.
Schlesinger added. To ensure that management is closely tied to ISO 27001
compliance, Broadridge has created a governance program that includes a
management committee and has appointed information security champions in
departments and divisions throughout the Company whose job it is to support
ongoing and timely security enhancements. This certification is just the
beginning of what is envisioned as a multi-year plan to enhance and expand
Broadridge's internal controls and security strategy.
About Broadridge
Broadridge Financial Solutions, Inc., with over $2.2 billion in revenues in
fiscal year 2008 and more than 40 years of experience, is a leading global
provider of technology-based outsourcing solutions to the financial
services industry. Our systems and services include investor communication,
securities processing, and clearing and outsourcing solutions. We offer
advanced, integrated systems and services that are dependable, scalable and
cost-efficient. Our systems help reduce the need for clients to make
significant capital investments in operations infrastructure, thereby
allowing them to increase their focus on core business activities. For more
information about Broadridge, please visit www.broadridge.com.
Media Contacts:
Public Relations Agency of RecordJennifer ConnellyJC Public Relations, Inc.
(973) 625-1130
Email Contact
Internal Contact:
Sunnie GilesBroadridge Financial Solutions, Inc.
(212) 918-6920
Email Contact
Investors:
Marvin SimsBroadridge Financial Solutions, Inc.
Vice President, Investor Relations
(516)-472-5488