23 September 2017
Find out more

RiskWatch releases IT security assessment software

29 November 2005  |  1622 views  |  0 Source: RiskWatch

RiskWatch, Inc. announced today that it has released a new software program called RiskWatch for Banks and Financial Institutions.

This new decision support software assists financial institutions in conducting the IT security risk assessments required by a myriad of bank regulators in an easy-to-use program.

For a fraction of the cost of doing manual assessments, RiskWatch walks the user through the process of defining assets, assessing threat and vulnerability links, including recommendation of mitigating solutions by Return On Investment. Government regulations such as the Gramm Leach Bliley Act (GLBA), FFIEC (Federal Financial Institutions Examination Council) Framework for IT Risk Analysis, the identify theft regulation SB 1386, the Payment Card Industry (PCI) Data Security Standard and the new Bank Secrecy Act form the backbone of the assessment process, which measures compliance with specific requirements.

RiskWatch has incorporated these regulations into a true enterprise risk assessment software program, which features a robust analysis engine that creates web-based surveys, does the analysis of the risk elements and creates fully automated reports, which include recommendations for Return On Investment of mitigating safeguards, a full analysis of cumulative loss expectancy and evaluation of solutions based on their cumulative loss reduction potential.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.temenos.comvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13103 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9162 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8464 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8094 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7870 views comments | 31 tweets | 45 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job