Is your financial institution prepared to face the ever-changing landscape of cybersecurity threats and regulatory compliance challenges? At Young & Associates, we understand the critical importance of safeguarding your institution’s information assets, maintaining data integrity, and ensuring compliance with industry regulations. Our IT audit program is tailored to help financial institutions like yours comply with the Federal Financial Institutions Examination Council’s (FFIEC) Information Technology Examination Procedures.

Why Choose Young & Associates for Your IT Auditing Services?

IT Audit Services

As a team of former bankers, we have experienced the unique challenges that the banking industry faces when dealing with technology. Managing technology effectively is a complex task, given the multitude of platforms, applications, and technologies available, as well as the constant disruptions caused by emerging technologies. When combined with the challenges of integration, regulatory compliance, and potential technology-related performance issues, managing IT risk within the banking sector can become a daunting challenge. 

Our comprehensive evaluation is designed to optimize the security of your information assets and assess the effectiveness of risk management controls within your bank or credit union. We offer practical, real-world solutions to address any gaps in your control structure, ensuring that your financial institution remains resilient in the face of cybersecurity threats and regulatory scrutiny.

IT Audit Services

Key Focus Areas of Our IT Audits

At Y&A, our IT audit services encompass a variety of options, whether it’s conducting comprehensive enterprise-level consolidated audits or focused assessments of specific functions and risk areas. We understand that each financial institution operates under distinct budget constraints and priorities. Consequently, we work in close partnership with you to define a tailored scope of work that aligns with your specific needs. 

Our seasoned IT audit consultants assess the following areas within our standard scope: 

Management/Core Functions  Infrastructure/Network Security  Electronic Banking Services 
  • Information Security 
  • Cybersecurity 
  • Information Systems Strategy 
  • Vendor Management 
  • Personnel Management 
  • Previous Examinations 
  • Policies and Procedures 
  • Physical Security 
  • Environmental Controls 
  • Media Management 
  • Business Continuity/Disaster Recovery 
  • Intrusion Response 
  • Change Management 
  • Core Processing Application 
  • Wire Transfer System 
  • Branch/Teller Capture 
  • Network Infrastructure 
  • Configuration Management 
  • Operating System 
  • Virtualization 
  • Malicious Code 
  • Patch Management 
  • Vulnerability Management 
  • Capacity/Performance Management 
  • Remote Access 
  • Mobile Computing 
  • Voice Over Internet Protocol (VOIP) 
  • Email Security 
  • Cloud Computing
  • ATM/Debit Cards 
  • Internet/Mobile Banking 
  • Telephone Banking 
  • Merchant Remote Deposit Capture 
  • Online Account Opening 
  • Website Review 
  • Other Applications

Tailored Solutions to Fit Your Banking IT Audit Needs

Our IT technical audits are highly adaptable and can be performed either onsite at your facility or remotely, depending on your specific needs and preferences. We understand that every financial institution is unique, and we customize our recommendations to address your institution’s individual requirements. 

Don’t wait until a cybersecurity incident or a regulatory audit reveals vulnerabilities in your institution’s IT infrastructure. Contact Young & Associates today to schedule an IT audit and take proactive steps to protect your financial institution. 

Our team of expert IT auditors is here to guide you through this process, helping you secure your information assets, maintain data integrity, and ensure compliance with regulations. Let us be your partner in building a strong and resilient IT infrastructure for your institution.

Contact us today to schedule an IT audit and fortify your institution’s cybersecurity defenses. Your financial institution’s security and compliance are our top priorities.

Frequently Asked Questions About IT Audits for Financial Institutions

What services do IT audit companies typically offer?

IT audit companies like Young & Associates provide comprehensive assessment and advisory services to ensure the security and compliance of your IT infrastructure. Our experienced team conducts in-depth reviews to identify vulnerabilities and recommend solutions.

What is the significance of conducting an IT audit in banks?

A bank IT audit by Young & Associates is a critical step in safeguarding your institution’s digital assets and strengthening cybersecurity measures. Our IT audit program evaluates security controls, risk management, and compliance with industry regulations, ensuring your bank’s data integrity.

What qualifications should I look for in an IT audit consultant?

When seeking an IT audit consultant, it’s essential to choose a trusted partner like Young & Associates. Our consultants possess the expertise to evaluate your institution’s IT infrastructure, make practical recommendations, and ensure regulatory compliance. Along with their deep-rooted experience in the finance sector, our consultants possess certifications such as Certified Information Systems Security Professional (CISSP), Offensive Security Certified Professional (OSCP), and Certified Information Systems Auditor (CISA). Discover the qualifications and experience that make Young & Associates a top choice for IT audit consulting.

How can credit union IT consultants help enhance cybersecurity and compliance?

Credit union IT consultants play a vital role in enhancing cybersecurity and regulatory compliance. Young & Associates specializes in providing tailored solutions for credit unions, addressing their unique IT needs. Our consultants offer practical advice to protect your institution’s information assets.

What are the key components of effective IT audit consulting services?

Effective IT audit consulting is about thorough assessment and strategic recommendations. Young & Associates excels in providing IT audit consulting services that encompass a wide range of critical areas, including information security, cyber security, and compliance.

Connect with a consultant

Contact us to learn more about our consulting services and how we can add value to your financial institution