79. What is Personally Identifiable Financial Information (PIFI) and why are information security policies so important?

Personally Identifiable Financial Information (PIFI) is generally any type of information that a consumer provides to a financial institution that would not be available publicly, such as an individual’s name in conjunction with contact details, bank account numbers, credit card numbers, Social Security number, and more. While PIFI is often encompassed under the broader category of Personally Identifiable Information (PII), it’s without question highly sensitive data that must be protected at all times. The basis for any good security posture within an organization is documented information security policies and procedures, such as those offered for instant download today from FLANK.

Personally Identifiable Financial Information (PIFI) – Overview – Information Security Policies

Whatever the regulatory compliance mandate is, from SOC 1 to HIPAA, FISMA, and more, the experts at FLANK have industry leading templates for helping assist organizations with today’s demanding compliance mandates. Visit flank.org to learn more about our products and services today and how we can help you become compliant – quickly, yet comprehensively. Nobody wants to spend hundreds of hours and thousands of dollars authoring information security policies and procedures, so do what companies all around are doing, and that’s turning to the policy & compliance experts today at FLANK. Visit flank.org to learn more.

We’re the Global Leader for Compliance Policies & Documents – Learn More

What’s more, authoring information security policies and procedures can take a tremendous amount of time, no question about it, but you don’t have to solider through the process alone. We’re with you every step of the way, offering the finest information security policies and procedures found anywhere today, so visit flank.org to learn more. Protecting PIFI is highly essential for Financial Institutions (FI), and considering the growing data security and cybersecurity threats facing businesses today, information security policies and procedures are more important than ever. But it’s also more than just policies, it’s about putting in place necessary operational initiatives, such as implementing security awareness training, performing a risk assessment, and more.