Handling sensitive customer data is an everyday activity for any financial organization. Keeping customer information confidential is a top challenge for these organizations, as is verifying compliance with capital requirements and other industry-specific regulations. Implementing an effective risk assessment and compliance process is critical for financial organizations to meet these goals.

Modulo Risk Manager can help organizations in the financial industry implement a risk assessment process and achieve compliance with applicable regulations. Using an integrated system for IT Governance, Risk and Compliance, Modulo Risk Manager provides for risk managementand simultaneous compliance with a number of applicable regulatory standards. standards. Modulo Risk Manager concurrently addresses SOX, PCI DSS, BASEL II, ISO 17799/ISO 27002, ISO 27001, COBIT and FISAP requirements.

How can Modulo Risk Manager help your business?

• Helps you inventory your environment, identify, review, assess, and comply with Basel II, PCI DSS, SOX, ISO 27001, ISO 17799/27002 and others
• Helps you overcome the challenge to inventory operating risks involving online fraud, bank security,  lawsuits, and natural disasters, among others
• Supports BITS - Shared Assessments standards for financial institutions and service providers - Standardized Information Gathering (SIG) questionnaires and Agreed Upon Procedures (AUP)
• Helps your organization align service provider testing with industry regulations
• Supports vendor risk assessment
• Tracks risk evolution
• Supports the creation of Business Continuity plans, facilitating maintenance and rapid recovery of information and procedures in compliance with BS 25999
• Provides a security and evidence repository;
• Increases quality and productivity in the risk assessment process
• Helps achieve significanly lower costs in risk assessment monitoring
• Provides technical advice for implementing controls and minimizing security risks and failures; a continuously updated knowledge base helps distribute knowledge throughout the organization
• Providing a variety of reports, including:
  • Scorecard
  • Vendor by location (can be viewed in Google Earth),
  • Vendor business process (Governance Map)
  • Gaps ranked by risk