Remove Authorization Remove Gap Analysis Remove Government Remove Risk Management
article thumbnail

The Most Overlooked Security Issues Facing the Financial Services

Solutions Review

to governments finally addressing the issue, like in last year’s White House memo : “ Test the security of your systems and your ability to defend against a sophisticated attack.” This assessment will detail any risks identified and include the corrective steps for remediation. Ransomware is focused on data.

article thumbnail

Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. Risk Management. To meet the DORA’s standards, firms must update their technology risk management governance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ISO 27001 Certification Requirements & Standards

Reciprocity

Deciphering the various numbers can be confusing at first, but each standard is numbered and deals with a specific facet of managing your company’s information security risk management efforts. Third, create a project plan and a project risk register. Perform a Gap Analysis. Conduct a Risk Assessment.

Audit 52
article thumbnail

Audit Checklist for SOC 2

Reciprocity

The scope of your SOC 2 audit typically addresses infrastructure, software, data, risk management, procedures, and people. Processing integrity: System processing is complete, valid, accurate, timely, and authorized to meet your service organization’s objectives. Perform a SOC 2 Gap Analysis.

Audit 52
article thumbnail

5 Steps To Developing A Corporate Compliance Program

Reciprocity

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. That can lead to painful financial costs, the possible loss of licenses to operate or to bid on government contracts, civil lawsuits, and other unpleasant circumstances.

Audit 52