RiskWatch for Credit Unions™ will assist you in conducting a full risk assessment to meet the NCUA, Part 748 Standard. A complete standards library includes all security risk assessment elements for Credit Unions, including GLBA (Gramm Leach Bliley Act) Standards, as well as the Red Flags Identity Theft Requirement. Affordable and easy to use, RiskWatch makes it easy to meet regulator\'s requirements for risk assessment with both web-based and server-based online questionnaires that automatically write management reports with working papers, graphics, and complete audit trails.
RiskWatch Software is recommended by regulators because it assists the management and Board of the credit union to demonstrate compliance with existing requirements and prepares the risk assessment required annually by NCUA. Whether the Credit Union wants to conduct it\'s own assessment, or have RiskWatch assist in gathering information, hosting surveys, or analyzing and printing reports, RiskWatch for Credit Unions™ makes it easy. The product analyzes and managers technical service providers and the risk involved in outsourcing as well.
19. Data Aggregation & Analysis Financial Data Software Automatically Analyses Over 3 Million Linking Relationships Risk = Asset Loss Threat Vulnerability Loss Delays & Denials Fines Disclosure Modification Direct Loss Asset Applications Database Financial Data Hardware System Software Threat Disclosure Hackers Fraud Viruses Network Attack Loss of Data Embezzlement Vulnerability Acceptable Use Disaster Recovery Authentication Network Controls No Security Plan Accountability Privacy Access Control Fines Disclosure Modification Fraud Loss of Data Acceptable Use Authentication Privacy Access Control
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23. From the Gartner Group Report “ RiskWatch, Inc., is positioned as the leading "rescuer" of a massive private and public market constrained by fear of loss in terms of dollars and human life. Its unique form of rescue is in its before-the-fact nature. The RiskWatch tools credibly guide the users through a process to qualify its security situation concerning threats, assets, potential loss, vulnerabilities, and safeguards. The client has the opportunity to establish its own image and foundation of security through RiskWatch's regulatory and quality compliance and accreditation tools and functions . Through its quantitative methods and automated functions, RiskWatch arms the analysts and decision-makers with a solid risk management analysis based on the ALE balanced with the ROI. Once the client establishes the security policies—the plan is deployed and its life cycle managed within the framework of RiskWatch. RiskWatch brings financially realized value to the client and the management vehicle and standards to follow”.
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26. ELEMENTS OF A METRICS-BASED RISK ASSESSMENT APPROACH ASSETS THREATS VULNERABILITIES LOSSES SAFEGUARDS
27. RISKWATCH ® Risk Assessment Process Automated Survey Management Process Management Data Aggregation & Analysis Content (Rules & Data) Risk Analysis Customization Reporting Respondents Analyst(s)
29. Data Aggregation & Analysis Financial Data Software Automatically Analyses Over 3 Million Linking Relationships Risk = Asset Loss Threat Vulnerability Loss Delays & Denials Fines Disclosure Modification Direct Loss Asset Applications Database Financial Data Hardware System Software Threat Disclosure Hackers Fraud Viruses Network Attack Loss of Data Embezzlement Vulnerability Acceptable Use Disaster Recovery Authentication Network Controls No Security Plan Accountability Privacy Access Control Fines Disclosure Modification Fraud Loss of Data Acceptable Use Authentication Privacy Access Control
