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Financial Institutions and Insurance Companies are constantly under attack by cybercriminals and thiefs around the world. As a result, these organizations must put Information Security at the top of their priorities to mitigate their risk of an attack. While these organizations are heavily regulated and have advanced security measures in place, cybercriminals are upping the ante in their methods of attack:

  • Financial Institutions face attacks from Hacktivist Organizations, Nation States, and Insiders
  • According to the Ponemon Institute, the average cost per record of a data breach is $264
  • The average total cost of a data breach is $7.01M

The good news is that Compass IT Compliance employs a team of experience and certified IT Auditors and Security Professionals, most with a background in Financial Services, to help your organization
through a suite of solutions:

Solutions:

IT Risk Assessment Services   Co-Sourced/Outsourced IT Audit

Compass will assist your organization in identifying your risks related to people, process, and technology and make recommendations on how you can mitigate your risk through improving controls, both physical and logical, within your organization

 

Compass works with your internal auditors to develop a custom audit plan based on the risks your organization faces. Compass audits are mapped to the FFIEC IT Handbooks relevent to your financial institution

Security Assessment Services   Vendor Management

Evaluate your technology to identify vulnerabilities, risk rank those vulnerabilities, and prioritize your remediation efforts to mitigate your risk

 

Managing vendors and third party service providers is becoming more and more challenging while posing a greater risk than ever to Higher Education Institutions. Compass can assess the risk your vendors pose and provide recommendations to mitigate that risk.

IT Policy and Procedure Development    

Policies and Procedures are challenging and time consuming, yet essential for a Higher Education Institution. With a number of IT Policy and Procedure development programs to fit your needs, Compass can take on the burden of ensuring you have the policies and procedures you need