GLBA
GLBA Risk Assessment Services
Who Needs GLBA Risk Assessments?
Banks and credit unions
Mortgage lenders and brokers
Payday lenders
Finance companies
Insurance companies
Tax preparation firms
Higher education institutions providing financial aid
Finders (entities that bring together buyers and sellers of financial products)
Our GLBA risk assessment process aligns with GLBA 501(b) and FTC requirements, ensuring a thorough evaluation of your information security practices. Here’s an overview of our step-by-step approach:
Create a comprehensive inventory of all data assets containing customer information (Logical and physical assets).
Map data flows within your organization.
Identify internal and external threats to the security of customer information.
Assess the likelihood and potential impact of identified threats.
Consider various threat vectors, including cybersecurity risks, physical security, and insider threats.
Determine throughout review of vulnerability reports, current vulnerabilities that exist or perform scans of assets in scope to determine vulnerabilities (if need be).
Identify weaknesses in your current security controls.
Evaluate the potential for unauthorized access, use, or disclosure of customer information.
Evaluate and categorize identified security risks or threats.
Assess the confidentiality, integrity, and availability of your information systems.
Determine the adequacy of existing controls in the context of identified risks.
Control Evaluation and Implementation.
Review existing safeguards and their effectiveness in mitigating identified risks.
Recommend additional controls or improvements to address gaps.
Assist in implementing new safeguards, including administrative, technical, and physical measures.
Prepare a detailed risk assessment report.
Document findings, recommendations, and action plans.
Provide executive summaries for board members and senior management.
Include management responses.
Establish processes for ongoing risk monitoring.
Conduct periodic reassessments to identify new threats or vulnerabilities.
Consider various threat vectors, including cybersecurity risks, physical security, and insider threats.
Create a comprehensive inventory of all data assets containing customer information (Logical and physical assets).
Map data flows within your organization.
Identify internal and external threats to the security of customer information.
Assess the likelihood and potential impact of identified threats.
Consider various threat vectors, including cybersecurity risks, physical security, and insider threats.
Determine throughout review of vulnerability reports, current vulnerabilities that exist or perform scans of assets in scope to determine vulnerabilities (if need be).
Identify weaknesses in your current security controls.
Evaluate the potential for unauthorized access, use, or disclosure of customer information.
Evaluate and categorize identified security risks or threats.
Assess the confidentiality, integrity, and availability of your information systems.
Determine the adequacy of existing controls in the context of identified risks.
Control Evaluation and Implementation.
Review existing safeguards and their effectiveness in mitigating identified risks.
Recommend additional controls or improvements to address gaps.
Assist in implementing new safeguards, including administrative, technical, and physical measures.
Prepare a detailed risk assessment report.
Document findings, recommendations, and action plans.
Provide executive summaries for board members and senior management.
Include management responses.
Establish processes for ongoing risk monitoring.
Conduct periodic reassessments to identify new threats or vulnerabilities.
Update the risk assessment based on changes in your business environment or regulatory requirements.
Benefits of Our GLBA Risk Assessment Services
By partnering with us for your GLBA risk assessment needs, you’ll gain a comprehensive understanding of your organization’s security landscape and a clear roadmap for maintaining compliance and protecting sensitive customer information.
Ensure compliance with GLBA and FTC Safeguards Rule requirements
Identify and address potential security gaps before they lead to breaches
Demonstrate due diligence to regulators and stakeholders
Enhance overall cybersecurity posture and protect customer trust
Receive expert guidance on implementing cost-effective security controls
Contact us today to learn more about how our GLBA Risk Assessment Services can help safeguard your institution and meet regulatory requirements.