FFIEC COMPLIANCE PROGRAM & CYBERSECURITYFederal Financial Institutions Examination Council
FFIEC Compliance Service
Financial Institution Compliance Services
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If you’re looking for Nashville Managed IT Services near me, then you’ve found the right place!
You probably trained to be a banker – or a commercial lender or a mortgage underwriter – not a computer security expert.
Tackling the new and developing cybersecurity regulations can be a daunting task. Financial institutions today turn to third-party security vendors – like us – to manage this headache.
We are familiar with the FFIEC’s Cybersecurity Assessment Tool, which banks, credit unions, and other financial institutions increasingly must use to assess their institution’s security posture. The FFIEC says their assessment tool helps institutions progress towards cybersecurity preparedness over time.
But it is a complex tool for a complex task.
It incorporates the recommendations of the NIST framework and examiners measure financial institutions against NIST’s many recommendations.
If your institution doesn’t have a cybersecurity engineer on staff, consider reaching out to us.
We have worked with financial institutions to help them prepare for their IT compliance examinations.
We can provide you with Risk Assessments, a Security Operations Center that handles Security Information and Event Monitoring (SIEM), Penetration (or Pen) Testing, Vulnerability Assessments, Disaster Recovery planning, Security Training, Vendor Review, and other elements that will help you answer your examiners’ questions about your cybersecurity posture.
Learn more about our services by visiting our IT Compliance page.
Frequently Asked Questions
WHAT DOES THE FFIEC's CYBERSECURITY ASSESSMENT TOOL INVOLVE?
The FFIEC Cybersecurity Assessment Tool helps financial institutions identify factors contributing to and determining the institution’s overall cyber risk; assesses the institution’s preparedness; assesses the gap between its risks and preparedness; and guides the institution on the policies, practices, and controls the institution should take to align its cybersecurity posture with NIST best practices and regulatory requirements.
I NEED MANAGED DETECTION AND RESPONSE. CAN YOU HELP?
Yes! Our SOC-as-a-Service subscription offers excellent MDR through Arctic Wolf Networks. Their Security Information and Event Monitoring product uses artificial intelligence/machine learning teamed with human security engineers to give you the actionable alerts and notifications your IT team needs – and not all the noise. Arctic Wolf assigns a Concierge Engineer who works with us to keep your systems secure against the latest cyberattacks.
WHAT IS THE BEST WAY TO GET STARTED?
Typically, we start with a conversation with the Risk Management or Information Technology person at your institution. We can do comprehensive Risk Assessments that will satisfy examiners.
We also bring an experienced, professional perspective to your IT security operations and many times can offer you better solutions in terms of processing speed, comprehensive security, and efficient systems that can improve your customers’ experience – and satisfy your examiners.