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Finosec, a cybersecurity governance Saas company, announced a year of rapid product innovation in 2025, delivering over one hundred enhancements across its platform to help community banks and credit unions respond to increasing regulatory pressure, operational...
Spreadsheets have long been the go-to tool for tracking and managing information security tasks. They're familiar, flexible, and easy to share. But in today’s rapidly evolving landscape, where efficiency; compliance; and innovation are key, relying on spreadsheets...
In today's fast-paced digital workplace, managing employee access to systems is more important and more complicated than ever before. Yet, many organizations still rely on outdated tools like spreadsheets to track who has access each system. While this might have...
If you're gearing up for your next regulatory exam or audit, it might be time to pause and ask yourself one important question: how many spreadsheets are you using to manage the process? Chances are, it’s more than one. And if that’s the case, it may be time to...
For Financial Institutions, ensuring secure and efficient access management is a top priority. Protecting sensitive financial data, maintaining regulatory compliance, and preventing unauthorized access are critical responsibilities. However, many institutions still...
Securing your information security budget is challenging—especially in tight economic times. While the strategies for approval are crucial, it’s equally important to have a plan for when not everything makes it through the budget process. This is where documenting...
For financial institutions subject to FDICIA, the Federal Deposit Insurance Corporation Improvement Act, the annual management attestation is a critical declaration of compliance. It signifies that the institution’s internal controls over financial reporting (ICFR) are effective. One key control to validate is how user access reviews are performed.
Access management is a critical component of cybersecurity and compliance, especially for financial institutions where security expectations are paramount. The challenges surrounding permissions management, particularly during user access reviews, are increasing due to regulatory expectations and the complexity of banking applications. In this blog post, we’ll explore the regulatory expectations, common exam findings, and best practices that can help your organization manage user access effectively while adhering to the principle of least privilege – limiting user access to only the resources necessary to perform their job functions.
As highlighted in a recent article from the Federal Reserve, managing third-party relationships and the access associated with those relationships is a critical component of Third-Party Risk Management (TPRM). The associated access third party vendors have to banking systems is known as Access Management and is foundational for mitigating risks associated with third-party relationships. Access Management may be easy to overlook because it does not always reside with the same person or team as TPRM; making it difficult to provide critical oversight.
With increased regulatory focus, how should institutions be thinking of Access Management? Here are five steps your institution can take today to strengthen your third-party governance.
With all eyes focused on AI regulations and the sunset of the Cybersecurity Assessment Tool (CAT), the recently released FFIEC Development, Acquisition, and Maintenance (DA&M) has almost slid under the radar. However, this new booklet is a complete rewrite...
