Regulatory Readiness Review (R3)

Regulatory Readiness Review (R3) Solution for Banking HEIT’s Regulatory Readiness Review (R3) solution will assess your bank’s information security compliance posture in accordance with the following regulatory laws, regulations, and guidelines:

 

FDIC Information Technology Risk Management Program (IT-RMP)

• Federal Financial Institution Examination Council (FFIEC)
• Gramm-Leach-Bliley Act Data Protection Rule (GLBA)
• 12 CFR Part 364 Appendix B
• California Senate Bill 1386 (SB1386)

The board of directors and senior management are responsible for ensuring compliance with the above laws and regulations and much emphasis has been placed lately on the need for an efficient security program not just some generic policies.

The goal of HEIT's R3 solution is to provide insight into the current security compliance posture at your firm. We will review the following documents for thoroughness and provide guidance into the level of compliance in comparison with current laws, regulations, guidelines, and institutions of a similar size:

Business Continuity Plan

• Disaster Recovery Plan
• Information Technology Risk Assessment
• Technology Policies and Procedures
• Information Technology Strategic Planning Guide
• Information Security Program

The vast majority of the IT regulatory issues facing the banking industry today are based on foundational information security practices that, for the most part, have been in place for many years. Understanding this and having extensive experience with implementing successful IT operations is critical to efficient management of an effective security compliance program. It can be “eye opening” as to how efficient it can be for many of our clients when they learn how to properly manage their compliance requirements.