Financial Institutions

 

The financial industry is ComSec's primary vertical. For over 12 years our analysts have been providing information security assessment and executing IT strategies. Regulators continue to commend the comprehensiveness and business-centricity of our recommendations.

ComSec proactively addresses FFIEC & NCUA regulations by closely monitoring the industry and utilizing best-practice frameworks. Financial institutions are enabled with the results of our services to reduce Total Cost of Ownership (TCO) on existing technology and increase Return On Investment (ROI) of new projects. Senior business executives are given clear recommendations, void of the technical jargon which often hinders communication and financial analysis.

 
   
 
 
The NCUA recently updated its IS&T Examination Program. The program update results from significant technology changes and revisions to the National Credit Union Administration Rules and Regulations. The new questionnaires replace the e-Commerce I (EC1), e-Commerce II (EC2), and EDP Review (EDPR) used to review a credit union's overall IS&T systems with more focus on Security, Audit, Information Technology, and Member Services. Examiners will use the IS&T Questionnaire workbook (enclosed) to complete their review. Examiners will tailor their review based on the credit unions risk and use appropriate questionnaires. <Read More>  
   
 
 
The Federal Financial Institutions Examination Council issued revised guidance (7/06) for examiners and financial institutions to use in identifying information security risks and evaluating the adequacy of controls and applicable risk management practices of financial institutions. <Read More>
 
   
   
   

 

 

 


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