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Firewall

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Firewall
Legal barriers that prevent both the transference of inside information and the performance of financial transactions between commercial and investment banks.

Notes:
Restrictions placed on collaborations between banks and brokerage firms under the Glass-Steagall Act of 1933, acted as a form of firewall.

This works similarly to fire wall software and hardware used in preventing or limiting outside access to a company's internal servers and networks.


Firewall
The legal barrier between banking and broker/dealer operations within a financial institution created to prevent the exchange of inside information.


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In a building, a firewall prevents a fire from quickly burning through, giving firefighter a chance to douse flames, and occupants a chance to find safety.
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While our original intent was to protect networks from malware, we are seeing increased interest from our customers to extend their deployments of the Barracuda Spyware Firewall to replace their existing content filtering services," said Dean Drako, president and CEO of Barracuda Networks.
 
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