AlgoSec, a provider of Firewall Operations and Security Risk Management solutions, has released a new solution to help companies comply with Basel II.

A revision to the original 1988 international bank capital accord (Basel I), Basel II is focused on improving the consistency of capital regulations internationally, making regulatory capital more risk sensitive, and promoting enhanced risk-management practices among large, internationally active banking organizations.

The audit-ready Basel II report by AlgoSec was designed to enhance the AlgoSec Firewall Analyzer product suite, which helps users automate complex and time-consuming aspects of firewall, router, and VPN administration. Streamlining operations, reducing risk, and ensuring adherence with industry and corporate regulations, AlgoSec’s firewall and VPN analysis software solutions work across all available platforms from the leading three enterprise firewall vendors: Cisco, Check Point, and Juniper/NetScreen.

The AlgoSec Basel II compliance report precisely follows the reporting requirements of the standard based on Cobit. The compliance report answers the requirements that apply to an organization’s firewalls, which are a central part of any organization’s Information Security Management System.