Regulatory Compliance

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Regulatory Compliance Services

Regulatory experts work with your organization to significantly lower your risk, prepare your institution to meet regulatory mandates and pass your next audit or review successfully.  We provide custom solutions for complex situations. Our compliance services are peripheral to our main services such as penetration testing, social engineering etc. It may be added on to any of our core services.  

encyphr’s regulatory compliance services provide comprehensive assessments, testing & support for all your regulatory compliance needs. 

We combine our technical and regulatory expertise to provide you with the most comprehensive GLBA compliance review and report in the industry. Our security experts conduct a full security assessment and provide an extensive evaluation of your information security systems and procedures, as well as a comprehensive network vulnerability scan and a risk-based summary of observations with recommendations designed to help you comply. 

Financial institutions have been required to implement identity theft prevention programs since the addition of the Red Flags Rule to the Fair and Accurate Credit Transactions (FACTA) of 2003. We preform a review of current programs and provide a customized report with feedback of findings, including actionable recommendations for strengthening your program. 

The encyphr IT Audit provides a qualitative, comprehensive review and analysis of all the major information technology areas recommended by the FFIEC’s IT Examination Handbook. This ensures a thorough picture of an entire network. We identify the current and foreseeable risks threatening systems and the consumer data housed on them, and provides recommendations for mitigating those risks. 

We assess your institution to determine an IT risk baseline, including risks to the confidentiality, integrity and availability of systems. Our experts then help you develop a solid framework and process for your institution to perform ongoing IT risk assessments. 

An encyphr Cybersecurity Risk Assessment helps organizations gauge the level of risk associated with their cyber presence, identify and evaluate existing cybersecuirty controls and determine the need for additional security measures. The risk assessment will assist with meeting the expectations of the guidance issued by FFIEC. 

The BSA/AML Audit is a comprehensive evaluation, focused on risk-based testing as well as the review of related documents, that provides reasonable assurances of compliance with government mandates. An objective report of any violations, findings or areas of weakness and corrective action will be provided to assist with the strengthening and enhancing your overall BSA compliance program.

Risk Management Services

We deploy our industry-leading ERM software solution, including on-site help from our risk and compliance experts. Our ERM team assists in your initial risk assessments, and develops customized Key Risk Indicators (KRIs) for your institution. We also provide ongoing support from our ERM team through quarterly check-ins that answer risk management concerns.

High-Risk Vendor Evaluations

A thorough review of control documentation provided by high-risk vendors. This review offers a sharper picture of the controls in place and the level of risk associated with them. 

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