CoNetrix is excited to announce the release of tandem Cybersecurity Assessment, a new online tool that streamlines the process for financial institutions completing the FFIEC’s cybersecurity self-assessment.
In June, the FFIEC released a Cybersecurity Assessment Tool to help financial institutions identify their risks and assess their cybersecurity preparedness. The assessment tool is designed to provide a repeatable and measurable process for banks and credit unions to measure their cybersecurity preparedness over time.
The tandem Cybersecurity Assessment Tool provides a quick, easy, electronic way to complete the FFIEC cybersecurity self-assessment. Users log in to tandem and complete a questionnaire to generate their institution’s inherent risk profile and maturity level. Results live in tandem for tracking and reporting on a regular basis.
“We have been anticipating the release of new guidance on cybersecurity,” said Russ Horn, President for CoNetrix. “Our goal in developing the online tool was to help eliminate some of the guesswork and assist in creating an efficient and usable work process.”
The tandem Cybersecurity Assessment tool is launching in phases and will be available as a free or professional version. Some of the key features provided by the tool will include graphical representations of the data, analysis reports including gap analysis, ability to compare results with similar financial institutions, downloads and reports including a board of directors report template, and a plan of action template to improve maturity levels when applicable.
CoNetrix announced the launch of the new tool on July 29, 2015, in a webinar directed to financial institutions about the new FFIEC cybersecurity guidance. Over 400 attendees were present.
About tandem Security and Compliance Software: tandem was the first comprehensive online Information Security Program software solution designed to help financial institutions create and maintain a complete program to comply with GLBA and the Interagency Guidelines Establishing Information Security Standards. While tandem was designed as a complete solution from the ground up, it was fashioned into modules which allow for versatility. The modules include risk assessment, policies, vendor management, business continuity plan, identity theft prevention program, Internet banking security program, audit management, social media management, and now, cybersecurity assessment. Today, tandem serves more than 600 financial institutions, with over 14,000 active users in 49 states.
About CoNetrix: CoNetrix is a full-service technology consulting, security and compliance firm with roots dating back to 1977. Founded in Lubbock, Texas, CoNetrix now serves customers across the U.S., providing a variety of technology and security solutions, including online security and compliance software, IT audits, security vulnerability testing, risk management, technology consulting, Aspire cloud hosting, and managed network services. Security is designed into all of its offerings, from its software to its consulting services. CoNetrix specifically serves financial institutions – such as banks, savings associations, credit unions, and trust companies – as well as enterprises requiring a high level of security in their operations.