Verify your controls, expose potential risks, and ensure
Cybercriminals are hoping you stop at compliance. They’re counting on your financial institution conducting a bare minimum GLBA or NCUA audit. This gives malicious actors a fairly easy “in” to breach your environment, steal customers’ non-public personal information (NPI), and sully your hard-earned community reputation.
This is why BAI’s Controls Audit goes far beyond just verifying your policies and procedures against regulatory compliance. We go the extra mile to examine your protocols in light of present-day best practices in IT security and emerging hacking methods that could compromise your environment. This is what we call BAI’s Compliance-PLUS Protection.
Our exhaustive Controls Audit verifies your institution’s existing controls against regulatory standards (GLBA or NCUA), as well as present-day banking best practices. As part of our audit process, BAI Security’s team of in-house compliance experts review the following key areas:
BAI Security takes the anxiety out of the controls audit process by evaluating current policies and procedures, and by performing a readiness assessment to see if your organization has met regulatory standards. We identify internal controls and policies to see if they work effectively to keep non-public information (NPI) safe and secure. In addition, we provide a gap analysis to identify issues unique to your environment, and we provide guidance on how your organization can become compliant.
With BAI’s comprehensive Controls Audit, you can implement the necessary changes to your information security programs and policies to keep customer information private. We provide customized analysis and guidance so you can reach compliance standards and have a written information security plan in place that adequately protects customer and consumer records. By abiding by the Safeguards Rule, your institution can build trust and confidence among your customers and community, as they are assured that their information will be secure.
The Gramm-Leach-Bliley Act is a U.S. federal law created to control how financial institutions deal with a consumer’s non-public personal information (NPI). This is information that a financial institution collects when providing a financial product or service that can identify an individual and that isn’t otherwise publicly available.
GLBA applies to all businesses, regardless of size, that are “significantly engaged” in providing financial products or services to consumers. This includes many companies not traditionally considered to be a financial institution such as check-cashing businesses, payday lenders, mortgage brokers, nonbank lenders, personal property or real estate appraisers, retailers that issue branded credit cards, professional tax preparers, and courier services. The law also applies to companies like credit reporting agencies and ATM operators that receive information about customers of other financial institutions. GLBA compliance is mandatory. Whether or not a financial institution discloses NPI, there must be a policy in place to protect the information from foreseeable threats in security and data integrity.
GLBA calls for severe civil and criminal penalties for noncompliance, including fines and imprisonment. If a financial institution violates GLBA, the following penalties may be issued:
Far more extensive test than any we have had in the past... The reps are 100% on your project and always available to give you feedback.
Price was right, service was excellent, and the final deliverables were outstanding. Great team.
The professional experience and technical expertise made the choice an easy one… exceptional results. We are completely satisfied.
Outstanding platform for vulnerability remediation. Everyone I talked to from sales folks to technical experts were all great to work with and very knowledgeable.
The price for the Security Assessment was unbeatable and I’ve always been happy with the service. I look forward to working with them again!
Most professional staff and competitive pricing.
I love how in the final deliverables recommendations are provided. I've seen other solutions (and past vendors) who simply tell you what's wrong without any help to remediate... The team was fantastic with persistent yet professional communications.
The dedicated engineer that learns our environment is huge! Also, the reporting is as high level or granular as you need it to be.
Best ‘bang for the buck’ as compared to the five other vendors I evaluated. Comprehensive service offerings at a cost-competitive price point.
BAI specializes in security. The other firm we were using was more of a MSP. I like that BAI was a company just for security.
Continuous professionalism and extensive audit for pen testing, controls, vulnerabilities, and firewall best practices.
The experience was great, and I felt that BAI had my back. The techs were great to work with and helped me resolve security issues. They were working with me to correct issues other than just pointing out what was wrong.
Your people are excellent, and the report was easy to understand.
BAI Security provided excellent service.
BAI provided the exact service we needed, when we needed it and gave us exactly the results we needed.
Fast and effective communication.