Short clip: Vanguard on client data is most precious asset

February 13, 2007, 12:51pm PST | Length: 00:01:14
Vanguard Group CIO Paul Heller says his company invests heavily in security to protect its shareholders online.

Transcript

Short clip: Vanguard on client data is most precious asset

>> Dan: On the security front though, I was just at a conference on security with some of the top people in the field and they're very skeptical and I'm not very optimistic about the future in terms of security, that it's actually going to get much worse, that we have more devices, more people online, more complexity, and that it's not the best environment for people to have confidence that being online is safe.

>> Dan, you know, obviously it is the most precious asset we have, is our client's data. And you always have to stay out in front, I think, of two broad domains. One is the outside world. And certainly, the outside world is trying to get into financial service providers and get access to our shareholder's data. And you have to stay ahead of that curve and you have to invest heavily in that curve and we do in terms of protections for our shareholders online. And then the other domain, of course, is just internally. You've got crew, contractors, consultants and the like. That's an area that we're spending very heavily on. I think it's always about staying one step ahead. Things like two factor security online for our websites. We have lots of redundancy built in in terms of asking questions. And also, shareholders have to take a lot of responsibility in terms of protecting themselves and we try to do our best in terms of educating them on that front.

==== Transcribed by Automatic Sync Technologies ====

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