Financial Services Practice

While large Financial Services Industry (FSI) firms have budgets for a full time Chief Information Security Officer (CISO), small- to middle-sized FSIs may find the prospect challenging…and cost prohibitive! Add to that compliance mandates from Federal regulators such the CFPB, FRB and the OCC to name a few – don’t forget state regulators – and you have an overwhelming task to tackle with limited resources.

If ‘buying’ a CISO is a challenging endeavor, what if you could ‘rent’ one? VIQTORY’s On

Demand CISO service offering can be tailored to meet your Cybersecurity needs.

The only constant in the FSI sector is change – and the fact the ‘regulators need to regulate’. Ever since the financial crisis of 2008, the Dodd-Frank Act and several other laws created regulations that blurred the lines for new and existing regulatory bodies. The result? A chaotic blend of standards and rules. While these changes continue and may not be applicable to all FSIs, when it comes to Cybersecurity, managing these risks may need to (minimally) address key areas such as: 

• Regulatory Change Management and Compliance: As regulatory pressure to comply with increasing federal and state mandate continues, managing those risks is paramount to your business.
• Third Party Risk: How well do you know your suppliers? We have experience implementing Federal guidance such as the OCC Bulletin 2013-29.
• Data Protection: Regulations such as GLBA, PCI DS, and others make protecting your customer and employee PII critical to your organization’s reputation. 
• Training and Awareness: Does your organization have a three (3) lines of defense strategy to manage Cyber risks? Are your employees aware of it? 

Our proven approach can help you establish and/or mature your Cybersecurity efforts from people, process, and technology perspectives:

• Risk Assessment: Using the NIST Cybersecurity Framework (CSF), the de facto standard across commercial sectors, VIQTORY can assess your current environment, based on your organization’s risk appetite.
• Gap Analysis: Working with your organization’s stakeholders, VIQTORY identifies the significant gaps in your organization’s Cybersecurity approach and prioritizes those gaps, based on regulatory compliance and other requirements.
• Strategic Roadmap: By identifying a future state, we deliver a Cybersecurity program implementation roadmap that provides short-, middle-, and long-term activities to help mature your Cybersecurity posture.
• Resourcing: As necessary, we can provide the staffing resources to help turn your security vision into a pragmatic and effective Cybersecurity program.