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:
Here's what your industry peers are saying about BAI Security:
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 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.
We have worked with BAI Security over the course of multiple years and multiple assessments. The reports we receive can be used to communicate to both the executives as well as our technical teams.
BAI is always super responsive and produces results quickly – and pricing is very competitive.
Competitive rates…comprehensive service offering.
They go out of their way to be helpful, offering their guidance and suggestions (as opposed to a cookie-cutter approach). Initially, we chose BAI because of their reputation. We went back to them the next few years because of their people and their professionalism, the depth of their technical and procedural knowledge, and friendliness.
…a good comprehensive plan at an affordable price.
Very easy to work with, provided guidance and excellent reports.
I really like the report package that was provided at the end of our audit.
Everything went great and smooth, your people are great to work with. Thank you for another year of great service.
We like the format, the pricing, but most of all the variety of tests and the ala carte menu of items we can choose from.
The auditors we have worked with over the years are all very patient with us. The reports are easy to follow and very useful.
We liked the approach of tailoring the project to our needs.
The scope is discussed on a yearly basis – allowing it to change and match our requirements more closely. Documents provided are very professional and complete. We have always been satisfied with the service. Personnel are easy to work with and professional.
BAI Security specializes in security, unlike other audit companies that have multiple business units.
Communication. Responsiveness. Flexibility.
Very pleased with the detail of the PEN testing and so was our engineering staff.
Although we are a smaller organization, BAI has not made us feel small. We are always treated with respect. BAI has always provided superior service, so we keep coming back.
(We chose BAI because of) Our confidence in their thoroughness, our previous experience with the knowledge of their staff, and the helpfulness and advice they always are willing to offer to our bank.
Easy to work with service engineer and quality reports with concise and just the right amount of technical detail.
Very impressed with the proposal and package. In comparison to other vendors, BAI Security was very responsive. They knew our needs and expectations. The pre-audit request list was by far the best we’ve seen. Very professional yet relatable and a pleasure to work with. Audit reports are very detailed and well organized. We made the right decision engaging with BAI Security.
Your SoW is great, and I enjoyed the actual deliverables!
Very helpful in helping us identify areas for improvement and to offer suggestions on those improvements.
BAI has been professional and easy to work with on all of our security assessments.
There are many players in this field. I contacted some of my industry peers and asked who they used. BAI came in at the top.
Excellent service and follow through.
During our research, BAI Security had the highest reviews out of the ones we were considering.
Excellent reports…the Executive Report is great for Execs and Board members.
We’ve engaged BAI for several audits. They have helped us identify problems and to develop mitigation strategies. They have also helped us with the difficult task of balancing security risks against business needs.
I have been pleased with the depth of the audits and the ease of working with staff.