NextLabs Partners with NIST to Address Access Rights Management for the Financial Services Sector

NextLabs, a leading provider of data-centric security software to protect business critical data and applications, is working with the National Cybersecurity Center of Excellence (NCCoE) at the National Institute of Standards and Technology (NIST) to develop a framework for implementing and administering Access Rights Management (ARM) in the financial services sector. The NCCoE effort brings together experts from academia, the financial services sector, and cybersecurity vendors to produce a practice guide — a practical, user-friendly document that facilitates the adoption of standards-based approaches to cybersecurity.

“Collaborating with stakeholders such as members of industry, technology providers, and integrators to produce viable cybersecurity solutions is key to the NCCoE’s success,” Harry Perper, NCCoE Chief Engineer at NIST. “The Access Rights Management practice guide is another successful example of how these stakeholders engage with NCCoE to produce solutions to real world problems that can be adopted to reduce the level of risk for owners and operators in the financial services sector.”

The NCCoE aims to addresses challenges stemming from some of the identity and access systems employed by the financial services sector. Because these systems can be fragmented, incompatible, and operate in isolation from one another, securing them from attackers or insider threats is difficult. These complexities also impede the secure adoption of new technologies such as mobile and cloud computing. To address these challenges, the financial services sector needs the ability to centrally issue, validate, and modify or revoke access rights for an entire enterprise based on easy-to-understand business rules. The goal of this project is to demonstrate ways to link the management of existing disparate identity and access mechanisms and systems into a comprehensive ARM solution.

The guide is available for download on the NCCoE website:

NextLabs became a National Cybersecurity Excellence Partner in 2015, and has contributed its software products and expertise in designing access rights management solutions including fine-grained access control to meet modern data security, privacy, and compliance requirements.

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