Increase the accuracy of loan estimates while protecting your bank or credit union from risk.
A safe and secure environment for your financial institution starts with a comprehensive IT program. At Young & Associates, we assist banks and credit unions in the development and implementation of IT programs to protect their organization, customers and shareholders. Our work begins with an IT risk assessment, where we identify the vulnerabilities of your IT systems. From there, we develop customized policies and procedures that acknowledge your identification of risk, define controls to mitigate that risk, and establish procedures to audit and respond to any incidents. Contact us to get started.
Understanding your IT risks will help your financial institution develop an effective solution to address it. Performed onsite or remotely, our IT audits provide an independent assessment of your environment to help you implement controls to manage your risk. These audits comply with the Information Technology Examination Procedures set by the Federal Financial Institutions Examination Council (FFIEC).
The Department of Justice (DOJ) and various federal court rulings have indicated that websites conducting business, providing information or holding user data that require registration or login credentials to access must be accessible to individuals with disabilities as defined within the Americans with Disabilities Act (ADA). This means that financial institution websites must meet the guidelines recommended by the DOJ. Failure to comply with these guidelines not only increases your exposure to demand letters and lawsuits from users, but it also makes your website inaccessible for customers with various disabilities. We perform ADA compliance audits and ongoing oversight for banks, credit unions and other businesses and non-profits. In addition, we also assist in an ongoing role to establish and monitor the appropriate processes and procedures that demonstrate seriousness about ADA accessibility, thus allowing you to avoid frivolous claims and threats of litigation.
As cybercrimes become more prevalent, financial institutions and their personnel remain a key target. Cyber criminals often use social engineering techniques to exploit the human fallibility of the technology used within your bank or credit union to gain access to your data and IT systems. At Young & Associates, our IT consultants can perform phishing tests and pretext calling tests to expose any vulnerabilities in your organization to these common social engineering techniques. We also provide employee training to help educate your team and guard against potential phishing scams.
Devices used on your internal and external networks pose a cybersecurity risk for your financial institution and provide an entry point for cyber criminals to attack your organization. Our experienced consultants can provide a vulnerability assessment of your network and perform a penetration test to identify any weaknesses within your organization’s IT security controls and infrastructure.