Is your business continuity solution ready to help in a disaster?
As cyber threats increase in volume and severity, you must have appropriate measures in place to defend against them. The FFIEC has released the Cybersecurity Risk Assessment Tool to assist in standardizing the identification of an organization’s inherent risk and maturity level, in order to better understand gaps that threaten the security of your financial institution.
The WolfPAC Information Technology Risk Assessment module now offers the Cybersecurity Assessment Tool, an automated solution designed to comply with FFIEC guidance by compiling your inherent risk ratings and maturity level across five major domains. Your results are automatically translated into actionable insights within a user friendly dashboard, and can be communicated by utilizing our full reporting functionality. Questions are updated regularly to ensure you are following the most up-to-date guidance without having to sift through regulations yourself. Once you have determined your gaps, control remediation items can be created within the submodule to populate seamlessly in your Control Remediation Plan. With the same user experience and full integration with the entire WolfPAC Risk Management suite, you won’t need to spend extra time and resources learning and implementing a new system to manage your cybersecurity risk.
With the Cybersecurity Assessment Tool you Can:
Ensure you’re in compliance with regularly updated FFIEC guidelines around cybersecurity
Easily communicate findings by creating reports to be used internally or externally that include entity level Cybersecurity Summary Dashboard, Inherent Risk Profiles, and Maturity Level
Simplify your process with full integration with other WolfPAC modules
Get the support you need with two hours of consulting for implementation, review, gap analysis, and best practice recommendations
Schedule a demo to receive a hands-on look at how you can save time and learn more about what it takes to keep your institution secure.