Staying ahead of cyber threats and maintaining compliance with emerging regulations made effortless with the Ignyte Assurance Platform™. While risk management and regulatory compliance are necessary, they are also resource intensive. Manage cyber risk and compliance activities more effectively with the Ignyte Assurance Platform™.
New regulations are being released regularly, such as NY Department of Financial Services (NYDFS) that places new cybersecurity requirements on all covered financial institutions and General Data Protection Regulation (GDPR). This not only applies to companies inside of the EU, but any outside organizations that offer goods or services to individuals in the EU. Keeping up with new regulations and whether they apply to your organization is time consuming and costly. Stay up-to-date with the latest legislations and standards with Ignyte and automatically map new regulatory requirements to your library of existing controls.
With security breaches becoming more common occurrences, Ignyte protects at-risk data. Because trust is the foundation for any fiduciary relationship, security breaches are especially damaging to financial institutions. Elevate your risk management program and manage risk more effectively with Ignyte.
FFIEC guidelines state that financial institutions should maintain adequate oversight of third-party activities and adequate quality control over those products and services. Industry standard dictates 12-month assessment period for for critical vendors, 24 months for moderately critical, and every 36 months for low criticality vendors. Do you know which vendors should be in your VRM program and when they should be assessed?
Ignyte brings clarity to vague vendor risk management requirements and cuts down on its time intensive administration. The consequences of not properly assessing and managing vendors can expose your financial institution to potential significant economic loss. Simplify vendor risk management using vendor assessment workflows with Ignyte.