Risk Assessments: The Key To Continuous Compliance
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Overview: Most financial institutions lack internal resources or the technical expertise necessary to identify all of the risks to information security, making a correct evaluation of risk extremely difficult, if not impossible. Therefore, without knowing where threats exist, or their potential severity, within their information systems, a financial institution is ill prepared to combat a threat, mitigate the costs of a breach, or even face a federal or state examiner’s prying eyes. This white paper explains the value of having qualified experts properly identify and evaluate information risk through a comprehensive risk assessment. It also shows how developing a continuous risk management program, thus "continuous compliance," can benefit the entire organization in a cost-effective manner.