FINRA Rule 8210 Encryption Mandate in 2011
Well it seems the SEC has approved amendments to FINRA rule 8210 that requires encryption of information provided via portable media devices (PMD).
A portable media device can be either a CD-ROM, DVD or portable hard drive. That’s right folks, it’s time to encrypt all your files starting December 29, 2010. In other words, starting in 2011, any electronic records or files have to be encrypted with 256-bit encryption or higher.
Additionally, you’ll have to provide FINRA staff with the confidential key regarding the encryption.
Now, this is where our product REALLY HELPS YOU OUT. Below is an image we’ve published several times that speaks exactly about this issue….encryption with a personalized encryption key.

Basically, this is a product we’ve been offering for some time now. By using our product, you’ll satisfy the intent of the law and the amendments by using Filetwin. 256-bit AES encryption is standard with Filetwin.
Here’s a simple picture of how your software looks when it’s encrypted and perhaps this will make sense why FINRA requires it.

This amendment might be a pain-in-the-butt for members, brokers or dealers but it’s a good thing to do for your own safety. There are too many people out there trying to get their hands on information that doesn’t belong to them.
For more information or just to discuss file encryption, please feel free to speak directly with one of our U.S. based Backup Advisors by calling 1 877 310-2884 or click here to contact us online.
