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Nexity Bank and WEBTRUST
Report by Management on the Controls over the Nexity Banking System Based
on the AICPA/CICA Trust Services Principles and Criteria for Security and
Privacy
To our valued customers:
We understand that for many of you, Nexity Bank is your first experience
with Internet Banking. We understand you may be concerned about security
issues, and about the privacy of your information being handled via the
Internet. Nexity Bank would like to take this opportunity to assure you
that we are committed to protecting your personal and financial information.
We have the security, technology, and processes in place to protect your
information while it is stored or processed inside our systems.
Furthermore, we were the first branchless Bank to earn the AICPA/CICA
WebTrust Seal of Assurance.
Our Assertion
To earn this seal, we assert that during the period November 1, 2006 through
December 31, 2007 we:
- Maintained
effective controls to provide reasonable assurance that access to the
Banking System
was protected against unauthorized access
(both physical and logical) and complied with our
commitments regarding the security of the Banking System; and
- Maintained
effective controls over the privacy of personal information collected
by its Banking
System to provide reasonable assurance that the
personal information was collected, used, retained, and disclosed based
on its commitments in the privacy notice related to the System, and
with criteria set forth in Generally Accepted Privacy Principles, issued
by
the American Institute of Certified Public Accountants (AICPA) and
the Canadian Institute of Chartered Accountants, and complied with
its commitments
in the privacy notice, as described in Nexity Bank's description
of commitments;
Our commitment to these principles
and criteria is ongoing. Ernst & Young,
LLP periodically examines our information protection and security measures,
and our privacy procedures to establish our continuing compliance with
the AICPA/CICA
Trust Services Security Criteria and Generally Accepted
Privacy Principles.
Once you become a Nexity Bank customer, it is our goal to maintain a private
and secure environment for your personal information.
David E. Long
President
Nexity Bank
February 29, 2008
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