For banks, credit unions and other financial institutions, modern IT challenges, if not properly planned for and executed, can swiftly derail operations and lead to seismic consequences. In thinking through the effectiveness of your IT operations, consider the following key areas and the challenges they may present.
Given the complexity of regulatory compliance requirements, meeting them can be a time-consuming process. With a few different approaches, you can set your business up for success when managing compliance.
Risk assessments provide critical focus to business and IT leaders looking to mitigate risk, maintain compliance, inform IT spending and governance, and support the overall success of their business.
Whether you need a managed services provider to act as your sole IT function or to augment your internal team, it’s critical to do your due diligence and ensure a potential MSP possesses not only the qualities you require today, but also those you’ll need as your business grows and evolves over time.
Time is running out for financial institutions, including auto dealerships, to comply with information security requirements under the FTC's recently revised Safeguards Rule.
Hedge funds and financial firms also need to ensure they implement consistent and continuous training, monitoring and testing to contend with ever-changing, creative threat actors.
Cybersecurity and compliance have become inextricably linked, but for organizations staring down two complex and risk-driven paths, navigating a strategic roadmap can be a formidable challenge.
Omega Systems is pleased to officially unveil its managed IT compliance service, designed to help companies navigate the growing complexities associated with cybersecurity risk management and regulatory compliance.
Later this year, the Securities and Exchange Commission (SEC) is expected to finalize proposed rules that would require registered investment advisers and funds to make significant enhancements to their firm's cybersecurity risk management program.