You know compliance does not equal security. We wonder if the folks who write all these compliance rules believe that, but we know you know it.
Still, if you do it right, you can use compliance reviews and evaluations to help you reduce risk. The art form is to find balance. You have to make sure you comply but do so in ways that keeps your team focused on agility to reduce threats. Experienced leaders who have successfully helped firms comply with requirements like the FFIEC approaches and have also helped defeat operational threats can help you find this balance.
Any firm in the financial sector should know the FFIEC approach by now. And any firm considering acquisition of a firm in the financial sector should get up to speed on it soonest.
For more on leveraging the FFIEC approach to improve your culture of cybersecurity see:
For more information on either the FFIEC models or how cybersecurity due diligence can reduce your risk, see Crucial Point LLC Technology Due Diligence services. You can also put our team on your team with our CTO-as-a-Service solutions.
Crucial Point also offers specialized Technology Due Diligence for Mergers and Acquisitions.