Chicago, December 9, 2015 - Backstop Solutions Group, a leading provider of cloud-based solutions for the institutional investment industry, today announced the appointment of Michael Neuman as Vice President, Information Security. In this newly created role, Neuman will oversee Backstop's data and information systems security, and continue to advance the company's policies and procedures.
"Protecting our clients' data is our top priority," said CEO Clint Coghill. "With threats from cybercriminals continuing to rise, we are investing to ensure we maintain the highest data security standards."
Backstop takes pride in engineering safe and secure software-as-a-service solutions for the alternative asset management industry. Our comprehensive security policies and processes are regularly maintained, tested and updated to ensure the highest levels of service and data protection.
With the addition of Neuman, Backstop will continue to advance the security and compliance posture of its service offerings. His experience and familiarity with the types of information security requirements of Backstop’s clients will allow the firm to proactively adapt its ongoing security efforts.
"Neuman brings over 15 years of experience protecting user data and meeting regulatory compliance," said Mike Porter, SVP of Global Field Operations. "His expertise will allow us to apply both strong application security and compliance principles with a unique business and client driven perspective."
Prior to joining Backstop, Neuman served in numerous information security leadership roles, most recently as the Director of Security for Textura Corporation and the CISO for a major mortgage company in the Chicagoland Area. He has led compliance initiatives in e-commerce organizations based on the Payment Card Industry Data Security Standard, the Payment Application Data Security Standard as well as other security-focused compliance initiatives. In addition to his roles in information security, Neuman has led initiatives in Customer Relationship Management systems in the e-commerce space.
About Backstop Solutions Group
Backstop Solutions Group is a leading provider of cloud-based financial technology solutions for hedge funds, funds of funds, pensions, endowments, private equity firms, consultants and family offices. Founded in 2003, Backstop created the industry’s first web-based software that helps firms in the alternative investment management industry operate more efficiently, invest intelligently and communicate effectively. With offices across the United States and in Europe and Asia, Backstop now serves over 670 firms worldwide, making it one of the fastest growing software providers in the financial services industry. Follow us on Twitter @Backstop.