Manage multiple regulatory compliance frameworks and standards in one single platform
FFIEC Standard for Financial Institutions
CyGov has integrated the FFIEC risk profile and maturity assessment. The banking industry had adopted the FFIEC as one of the primary frameworks in regards to measuring cyber risk and readiness. Using the CyGov platform you can manage and review your FFIEC compliance starting with assessing the institution’s inherent risk profile based on five categories:
Technologies and Connection Types
Online/Mobile Products and Technology Services
External Threats Management
Then the platform guides you through the second phase of evaluating the institution’s cyber security maturity level for each of five domains:
Cyber Risk Management and Oversight
Threat Intelligence and Collaboration
Cyber security Controls
External Dependency Management
Cyber Incident Management and Resilience
CyGov has mapped this standard back to all other frameworks and standards including the NIST framework which creates time saving, accuracy and peace of mind when collecting and analyzing the data.
Organizations benefit from CyGov’s facilitation of compliance data collection through organized questionnaires for key stakeholders, automated follow up and the creation of a clear paper trail for improved accountability. Data that has previously been collected by the platform is automatically pulled and prefilled into the relevant regulatory forms, simplifying and speeding up compliance management.
Customized Compliance Management
The platform can be customized according to relevant industry-specific regulatory standards, ensuring that compliance data is always audit-ready.
End to End Compliance Analysis
CyGov’s proprietary algorithms analyze internal data, business processes, physical security and people in order to arrive at a single, comprehensive compliance score for every department, entity and standard.
Board Level Dashboards
Dynamic dashboards enable board members and C-level managers to understand compliance at a glance, using clear, bold visuals to convey priorities and changes in an organization’s compliance.
Responsive Compliance Assessment
Instead of a static compliance score, CyGov’s compliance assessment is responsive, continually updated according to real-time changes in regulatory standards, progress in gap remediation and other internal or external changes, providing live, reliable and accurate compliance scoring.
Automated Gap Remediation
Prioritized, automated gap remediation helps organizations to strengthen compliance and allocate resources effectively, and is fully trackable to show progress.