What does data security have to do with unclaimed property?

Patricial Barganier is the founder of Barganier and Associates — a national boutique firm that specializes in unclaimed property for Fortune 500 companies.

So what does data security have to do with unclaimed property? EVERYTHING….

We’ve always known that it’s critical to monitor data regularly because there’s a security risk.

In light of yet another recent data breach, by a financial institution nonetheless, it has become even more critical for professionals in the unclaimed property business to think about the implications of data security on the information that is collected and reported to the state agencies. That is, not only data security internally to our own organizations, but also data security of the state agencies or auditors that participate in the unclaimed property compliance process.

The type of data collected to remit an accurate unclaimed property report forces one to consider which departments will and should be “touching” that data. This includes the input of data, the transfer of data, and the storage of data as it is being prepared and as it is remitted to a client or state. Here are a few data security questions to ponder:

  • How is data stored while it is aging for future reporting?

  • How is data transmitted internally and externally?

  • How is data stored after the reports are prepared and submitted to the jurisdictions?

Why now?

Barganier has always known that it's critical to monitor and analyze data regularly as there is a security risk from a theft or fraud perspective. Now Barganier are seeing that it is just as important to protect that data from the risk of a technology breach.

As a result, Barganier is reflectively thinking about how our clients are served. Barganier is making a significant investment in our technology, our people, and our processes. Our approach and investment provide for a scalable solution that is often used at major corporations.

As Barganier serves major corporations through audit defense, annual filings, and other specific unclaimed property functions, Barganier looks at itself as a unique partner for Fortune 500 organizations and takes our responsibilities seriously. Barganier views ourselves as an extension of the major corporations we serve and should be held to the same data security standards.                 

Barganier’s Investment in Technology

As part of our investment in IT security, we are preparing Barganier for a SOC 2 compliance audit

As part of our investment in IT security, Barganier is undertaking a total reorganization of its processes. While we have been HIPAA compliant for our healthcare clients, we are raising the standards even higher. This 90-day process includes over 70 areas for review and enhancement. The outcome of which is to prepare Barganier for a SOC 2 compliance audit documenting implementation and adherence to the highest data security standards. This is only one of the significant investments being made.

Another significant investment is training our professionals on data protection and monitoring.

Finally, Barganier has increased its levels of cybersecurity insurance which is in addition to the more typical professional liability insurance.   

Demand form the Market Place

In years past, Barganier has seen interest from our healthcare related clients for strong data protection compliant with HIPAA standards.  Recent data breaches have brought the need for stronger protection to every industry. This is no longer an isolated issue to just a few industries. Everyone has a responsibility to protect client data. Our clients are demanding data security and Barganier is delivering.  

Consequently, Barganier’s implementation of SOC 2 compliance and strong IT security training are important steps in our obligation to serve Fortune 500 and other clients.

Barganier hopes to be able to partner with your organization in managing and complying with its unclaimed property obligations.

Welcome to Barganier. Today we start our next chapter.


We may look a little different and our name is a little quicker to say, but in every way we are still the company that you have depended on for your unique compliance challenges over the last 30 years. Except now, we’re leaner, stronger and more prepared than ever for the future.

You may have noticed our new logo too. We’re glad. Barganier, just like the financial services industry, changes and evolves over time to maintain consistent excellence. The mountain range itself signifies our high standards of quality and service, but also refers to our skill and ability to lead our clients to the summit of their own financial goals and objectives. We’ve already been to the top and will spot the pitfalls and dangers that lie ahead. The mountains themselves are financial metrics created by the ebbs and flows of our industry, but they also represent our ability to navigate those ebbs and provide our clients with the consistent high level of service they have come to depend on.


What hasn’t changed and will never change, is our attention to detail and the platinum level service we provide our clients. Now, more than ever, our combination of advanced technology and decades of experience provide a high level of value and personalized service that can respond quickly to the unique compliance needs and financial challenges of our clients. We do one thing and we do it very well. We just have a new look.

With this rebrand, we’re committing ourselves to the future. To innovation and the highest level of expertise in the industry. As our client, you have the distinct benefit of working with a company that is committed to leading the way forward. Barganier is not just a resource in unclaimed property compliance, it is a source of truth. Which is why our founder, Patricia Barganier, continues to headline multiple industry events each year.

Yes, we’ve changed. But, so has the world around us. That’s why Barganier has chosen to commit itself to the future. To innovate. To grow. That’s why, like the mountains of Jackson Hole, Wyoming, Barganier is here to stay. If you’re willing take the first step with us, we’ll lead you to the final one.