In the evolving state of cybersecurity, financial institutions grapple with the challenge of safeguarding their digital and financial assets against cyber threats. Cyber insurance has emerged as a critical component of risk management strategies. However, the complexities surrounding these policies, particularly regarding coverage in the event of a breach, can leave many organizations vulnerable.
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Step 5 – User Access Review Best Practices: Increase Maturity
The goal is to focus on increasing standardization to develop a more mature and routine approach to user access reviews by focusing on three key areas.
User Access Review Best Practices: Step 2 – Start With The Most Important
You should always start this process with the highest-risk systems. These typically include things such as active directory, core processors, wire transfers, and more. Overall, every system you have for which there is privileged access will usually be a higher-risk system.
Finosec’s technology-based pain reliever for your user access reviews
Financial institutions have long viewed user access reviews as a double edged sword. They’re a crucial component in managing to least privilege.
There is more to Cyber Insurance than you may think.
Cybersecurity insurance is an increasingly important component of your financial institution’s overall information security program.