RETAIL BANKING: ONLINE BANKING RISK ASSESSMENT TOOLKIT
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Download our Risk Assessment Executive Overview (369 Kb PDF)
The CC Pace Online Banking Risk Assessment Toolkit was written by our banking and security experts, and offers a time-saving solution for compliance with the FFIEC that can be reused on any application-- internet, call center, interactive voice response (IVR).
CC Pace’s Risk Assessment Toolkit is:- Time-saving: Allows you to complete your risk assessment in a matter of days.
- Interactive: Walks you through a step-by-step, detailed roadmap to input your data and generate an online banking risk assessment.
- User-friendly: Provides simple tools and techniques for information gathering and risk analysis.
- Comprehensive: Covers not only online banking system transactions, controls, vulnerabilities and threats, but can be used for all electronic delivery channels as clarified in the August 2006 FAQs.
- Reusable: Enables multiple and simultaneous project use.
For a one time fee of $5,500, this toolkit includes three binders and a CD that can be reused on any application. Binder One covers Risk Assessment theory and tutorials, the FFIEC specific risk assessment process, workpapers and a copy of the FFIEC Guidance annotated by our banking and security experts. Binder Two contains hard copies of all of the applicable FFIEC IT Workbooks, NIST Risk Assessment Standards and other documentation you will need to support your risk assessment process. Binder Three provides a ready made repository for all of your RA findings and completed workpapers. The CD includes the electronic Risk Assessment Tool and your report templates. If you are not fully satisfied with this Toolkit, we offer a 21 day return policy.
Download the order form (825Kb PDF)
Don’t make these classic mistakes:
1. Doing it yourself
It might seem like a cost savings, but in the end, most financial institutions will put in enough man hours, complete with a learning curve, to make up the difference in savings. On top of that, you run a greater risk of human error when you’re not using CC Pace’s time-tested methodologies and software created by certified industry experts.
2. Trusting a toolkit or ledger from a biased source
Most software that you can download for free on the internet is not comprehensive and is almost always from a biased source. CC Pace is completely vendor neutral and offers a toolkit that can be used on any application—internet, call center, interactive voice response (IVR), etc.
3. Purchasing a toolkit that is not reusable
It is smart to purchase software that is tailored to a specific guidance, but it is equally important to invest in software that you can reuse in the future—for any application and any compliance.
4. Paying a one-time fee for a risk assessment that will likely need to be repeated in the future.
There is nothing wrong with consultants—hey, we are consultants—but we understand the needs of smaller financial institutions that don’t have the funds for a one-time risk assessment. Our risk assessment toolkit is an investment for your current and future risk assessments.
Special Features
The toolkit offers 3 binders and an interactive CD, which include:
- A list of over 150 typical online banking transactions & recommended risk ratings
- Repeatable data collection & analysis methodology
- 9 templates for gathering, analyzing, & storing data
- 9 customized reports to present to your board and the regulators
- Annotated version of the FFIEC’s Guidance
These tools will speed up your data gathering process, filter out the noise, and keep you focused on the key issues required for compliance with the guidance.
For more information or to be added to our mailing list for toolkit updates, please contact ToolkitSales@ccpace.com. To purchase a toolkit by phone, please call 703-631-6600.