The risk assessment process can be overwhelming to time-stretched bankers charged with crafting complex risk assessment models in addition to their daily tasks. We offer a suite of seven practical, color-coded, risk assessments designed to make your life easier, mitigate your bank's risk, and meet regulatory requirements.
1. GLBA Information Security
Designed to meet the requirements of the Gramm Leach Bliley Act while offering a practical approach to identifying, measuring, and prioritizing information security risk. Includes Asset Classification and Risk Mitigation Action Plan.
2. Information Technology
Identifies the key business functions and systems in a bank and establishes their signficance and related risk. Ideal for planning an internal IT audit.
3. Remote Deposit Capture (RDC)
Per the January 14, 2009, FFIEC issuance, Risk Management of Remote Deposit Capture.
A comprehensive view of the bank's internal controls and an excellent tool for the internal auditor to plan his or her audit program and schedule.
5. Electronic Banking & Online Services (including Mobile Banking where applicable)
More than just multi-factor authentication, this risk assessment identifies the multitude of threats related to today's high-tech banking channels and services and helps bankers mitigate the increasing level of risk.
6. ID Theft Red Flags
Per the regulation and guidelines to implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 regulatory issuance. Mandatory compliance was required by November 1, 2008.
7. Business Continuity
A risk assessment of multiple disaster scenarios to determine the most likely and highest impact disasters and to quantify their related risk so bank resources can be directed to mitigate the highest risk disasters, not just the most sensational. Often performed in conjunction with a bank's business continuity tabletop testing.
All of the risk assessments above are designed to obtain the input of bank personnel and to develop a consensus risk profile culminating in a reasonable risk mitigation action plan. Our risk assessment models are updated constantly to address new threats and changes in the regulatory environment.
Please contact us if you would like a formal proposal for assistance with your risk assessments.
