We assist financial institutions in developing world-class security governance structure and information risk management processes appropriate for their individual risk profile, operational structure and corporate governance culture, as well as in conformance with the specific information risk management requirements from leading international standards and regulations such as BS 7799/ISO 27001, ITIL, COBIT, Basel Committee Guidelines amongst others.
We have worked closely with several leading global financial institutions in developing robust, effective and sustainable security management systems.
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While the financial institutions leverage technology to enhance the value of their service offerings and improve efficiency and effectiveness of their operations, they are exposed to significant risks on account of security and integrity of sensitive information. Competitive pressures to roll out new business applications and technology initiatives in very compressed timeframes to offer more and more value-added services intensifies the management challenge to ensure that adequate strategic assessment, risk analysis and security reviews are conducted prior to implementing new initiatives.
This has resulted in heightened industry awareness and concern, accompanied by increased regulatory scrutiny of the information risk assessment of financial institutions, mitigation and management systems. It is imperative that financial institutions recognize, address and manage information security risks in a prudent manner. Thus, information security management becomes an integral part of the financial institution's overall enterprise risk management framework.