MOUNTAIN VIEW, Calif. -- Securent, Inc., the award-winning leader in the Entitlement Management market, today announced that the Ontario Teachers Pension Plan (Teachers), one of the largest pension plans in Canada, has selected Securents Entitlement Management Solution (EMS) to serve as its entitlement management platform.
The Teachers pension plan is an independent corporation that administers pensions for more than 271,000 active and retired teachers, and is responsible for investing assets totaling $106 billion (CAD). Now with Securent, Teachers pension plan administrators have more visibility and centralized control over fine-grained authorization and entitlement policies.
The Ontario Teachers Pension Plan is entrusted to manage the pension contributions and benefits for hundreds of thousands of teachers across the province, and we take extraordinary measures to safeguard their private pension information, said Rosemarie McClean, Teachers Senior Vice-President, Member Services. Entitlements dictate who in our organization is allowed to do what, and thus represent a critical layer in our overall security framework. We selected Securent because our independent analysis revealed that their EMS is the best solution for our authorization and entitlement management needs.
Securent EMS enables organizations to secure sensitive applications and data with ease and precision. For the first time, organizations can benefit from a proven XACML standard-based solution to create, enforce, review, and audit fine-grained access policies across heterogeneous application and IT environments distributed throughout the enterprise, all with centralized management and visibility. Securent provides a more scalable and cost-effective alternative to custom coding of fine-grained access controls into applications. Loosely coupling entitlements with application services, Securent EMS is also a key infrastructure service in an effective SOA deployment. The results, as seen in Fortune 1000 deployments, include improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).
The Teachers pension plan follows stringent internal compliance requirements. It knew that writing and embedding entitlements into individual applications would be costly and difficult to manage. In addition, reviewing and checking access was proving to be a time-consuming endeavor that required the pension plan to reallocate precious IT resources. Without a uniform mechanism to control access, Teachers pension plan could encounter increased risk and vulnerability.