Security Risk Assessment Headquarters

The Risk Watch program can be customized with On Demand Support, based on the size of your credit union (using the asset base). Programs are available with different support levels and can be customized to your budget. The Risk Watch Credit Union program is endorsed by the California-Nevada Credit Union League. The program program automates the IT Risk Assessment with pre-screened threat data (updated annually); a complete set of potential controls that can be added to improve the Credit Union’s security posture. It includes the NCUA standard, as well as the FFIEC standard, GLBA (Gramm Leach Bliley Act) , BSA (Bank Secrecy Act), and both PCI, ISO and Red Flag standards. PC, server, or web-based surveys can be sent out automatically to ask appropriate staff to answer questions about how they comply with security requirements.

A sophisticated set of algorithms map the different elements together and AUTOMATICALLY write a complete risk assessment report that:

1. Details the results of the surveys
2. Calculates what controls are needed by Return on Investment (ROI)
3. Includes a full set of reports, charts, graphs and working papers so that management can understand the action items generated by the risk assessment.

As well as creating the risk assessment, Risk Watch uses a standardized methodology and also provide benchmarks with other Credit Unions and tracks compliance improvement over time.

CLICK HERE to request a private, 30-minute demo

Contact us at 1-800-360-1898 ext.210