Safe Systems Unveils Enhanced Cybersecurity Assessment Tool (ECAT)

Safe Systems Unveils Enhanced Cybersecurity Assessment Tool (ECAT)
15.04.2016 10:00 am

Safe Systems Unveils Enhanced Cybersecurity Assessment Tool (ECAT)

Security and Compliance

Safe Systems announced availability of its Enhanced Cybersecurity Assessment Tool (ECAT) for financial institutions. The application is designed to help financial institutions complete the complex FFIEC Cybersecurity Assessment Tool (CAT). The ECAT application provides a user-friendly interface that steps users through assessing Inherent Risks and Control Maturity specific to their financial institution.

The application can be implemented as a subscription-based application or with Safe Systems’ comprehensive Cybersecurity RADAR service. ECAT provides helpful hints for understanding the numerous assessment factors and how to respond. To provide context for and justify responses, ECAT allows users to capture notes, and retains them between assessments. Once the initial assessment is completed, financial institutions can maintain it each year, editing and building off of the previous year’s data. Additionally, ECAT provides summary and detailed reporting of the institution’s risks vs. controls.

“While it is certainly beneficial that the FFIEC CAT was released to help keep fraud at bay for financial institutions, the complicated questions can be a bit daunting for many,” said Darren Bridges, president of Safe Systems. “Our ECAT application allows financial institutions to re-assess as needed and easily report upon changes to the risk profile and control environment.”

Related News

Kompli-Global helps companies expose bad actors within their customer base

Every major organisation in the United Kingdom has customers that are up to no good, potentially with criminal intentions. Fraudsters and money launderers are clever and, once... Read more »

NICE Actimize launches advanced SURVEIL-X Conduct risk capabilities to uncover employee misconduct and market abuse

With more employees working from home or remote sites, financial services organizations (FSOs) are facing new compliance and regulatory challenges.

Read more »

Kroll adds consumer credit monitoring to suite of UK data breach notification services

Kroll, a division of Duff & Phelps, a global leader in risk mitigation, investigations,... Read more »

RegTech and SupTech: Innovation, Evolution and FCA development

In the latest episode of the RegTech 20:20 podcast from... Read more »

NatWest partners with entrepreneur success story Synalogik

NatWest have announced a partnership with Synalogik, a member of their... Read more »

QuantaVerse’s AI-powered AML solutions secure highest possible ratings from independent model validation firm

QuantaVerse, which uses AI and machine learning to automate financial... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel