Edgile, a security and risk consulting firm and provider of industry-specific regulatory content libraries, recently introduced its Technology Diagnostics Managed Service, providing financial services firms with critical insights to more quickly and effectively assess their cyber practices, risks, and compliance readiness.
Financial services firms are increasingly required to expand the depth and breadth of their enterprise’s risk and compliance intelligence for systems both on-premise and in the cloud. This insight is becoming more essential to identify potential cyber-risk to sensitive business information and clients’ confidential data, find compliance gaps, and benchmark security capabilities against the industry to ensure security programs, practices, and investments are on track.
Edgile’s Technology Diagnostics Managed Service facilitates exactly that by rapidly providing management with a defensible risk and compliance readiness posture through robust assessment and comprehensive intelligence reports. The firm’s diagnostics service leverages its significant investment in Edgile’s Content Managed Service knowledge base, which enables regulatory change management through industry-specific harmonized laws and facilitates compliance readiness reporting.
“With increased regulatory scrutiny coupled with greater personal liability of the board and C-Suite imposed by new laws it is now more important than ever for security and risk executives to understand the depth of their risks and exposure. This knowledge helps them ensure that their company’s information security, risk management and cybersecurity are being properly managed,” said David Deckter, a partner at Edgile.
“Edgile’s technology diagnostics managed service provides financial institutions with the deep and broad industry-specific insights to assess their risk, demonstrate compliance and make the investments in security that materially reduce risk,” Deckter added.
Edgile’s Technology Diagnostics Managed Service significantly reduces the time it takes to properly assess and diagnose an organization’s information and technology landscape, enabling them to more rapidly and credibly answer the hard questions on the mind of the board, C-Suite, and regulators: ‘Are we secure and compliant? How do we stack up to peers in our industry?’
Edgile’s technology diagnostics run across the enterprise, including platforms, applications, processes, facilities and business functions. Financial institutions’ security, risk, and audit teams can choose from over 100 enterprise-appropriate diagnostics leveraging Edgile’s industry-specific benchmarking data. This allows companies to more easily identify unknown security issues and demonstrate their proactive security posture.
Organizations can now provide the board and C-Suite with rich intelligence on risk and control capabilities, practices and configurations across the entire organization. Benchmark and compliance reporting, including real-world risk narratives, provides clients with the operational insights to assess and diagnose their cyber-security infrastructure and benchmark their organization against current industry security practices. Edgile’s Technology Diagnostics Managed Service, which can be set up within a client's existing GRC solution, covers the IT estate including business functions, business processes, applications, infrastructure, support services and facilities.
Edgile’s Integrated Risk Management (IRM) practice enables companies to modernize their governance, risk and compliance programs through industry-leading models, approaches and accelerators which significantly improve the effectiveness of risk management practices throughout the entire technology estate, whether on-premises or in the cloud. Edgile's iGRC Content Managed Service powers the regulatory programs of institutions by providing clients with streamlined access to the latest regulations and tools to efficiently stay in compliance.
Edgile provides GRC Technology Enablement services to lead clients through current-to-future state roadmap strategy-to-planning, and to implement enterprise-wide GRC solutions.