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Company reports a 99% client retention rate as more community banks and credit unions adopt structured cybersecurity governance ALPHARETTA, GA -- Finosec, a leading governance platform for financial institutions, today announced that more than 200 financial...
Zach Duke, CEO and founder of Finosec, joins DCI's Jason Ruyle to talk about cybersecurity governance for community banks at a moment of real change. With the FFIEC Cybersecurity Assessment Tool sunsetting and regulators continuing to shift expectations, community...
HUTCHINSON, KAN. — DCI, the privately-owned developer of core processing, digital banking, and fintech processing solutions, has partnered with Finosec, a leading provider of automated cybersecurity governance solutions, to simplify information security and...
When the FFIEC CAT was sunset, it did more than create a gap in tooling; it created a gap in communication. The true value of the CAT was not just in the questions it asked, but in the structured way it enabled institutions to clearly communicate cybersecurity risk to...
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.
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.
The FFIEC has updated their expectations for access management with the Authentication and Access to Financial Institution Services and Systems Guidance. This guidance expands beyond traditional customer authentication and places a significant emphasis on...
In the current economic environment, community banks face unique challenges such as rate compression, shrinking margins, liquidity and commercial real estate concerns. These factors make the upcoming budgeting season particularly daunting for IT and information...
Are you confident that your bank has clear and thorough visibility to every employee’s physical and digital access to systems? If you’re like most banks we work with, the answer to this question is “no”. There are many challenges that make tracking employee access...
For over a year now, every Tuesday, the Finosec team has been holding a meeting to discuss how we are leveraging AI personally, at work, and in our platform. These weekly meetings have consistently focused on sharing the impact of AI for each of us personally and the...
