To achieve business objectives and meet customer requirements, financial institutions depend on IT technology infrastructure to perform business activities and operations. This infrastructure poses a number of challenges to these organizations in terms of evolving cyber threats, compliance requirements and securing key configurations. The MAS IBTRM guidelines provide banks and financial institutions with a sound framework of risk management principles and security best practices to address basic security configurations needs, evolving technology risks and compliance requirements.
Qualys Policy Compliance (PC), a cloud service that performs automated security configuration assessments on IT systems throughout the network helps address a wide spectrum of the technical recommendations provided by the Compliance Checklist for IBTRM including:
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Automated compliance scanning using QualysGuard infrastructure used for vulnerability scanning.
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Continuously maintained knowledgebase is based on CIS and NIST standards and maps to many frameworks & regulations.
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Improved Policy Editor to construct policies from controls and map them to internal standards and external regulations.
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Compliance report-templates to show compliance by policy, by control, and by host.
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Exception management workflow for creating, evaluating, and approving risk acceptance of policy violations.
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Collaboration capabilities to review policies and approve exceptions with internal and external auditors.
Built on the world's leading Cloud security and compliance platform, Qualys PC saves companies from the substantial cost, resource and deployment issues associated with traditional software products. Known for its fast deployment, ease of use, unparalleled scalability, and rich integration with enterprise GRC systems, Qualys PC helps organizations around the world adhere to compliance standards mandates including PCI- DSS, HIPAA, FFIEC, NERC, COBIT, ISO 27011 as well as security standards such as NIST and CIS.
"Internet banking provides a number of benefits to customers around the world, however it also poses technology risks for financial institutions which increasingly rely on the Internet to operate their business," said
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