Banking and Financial Services

Banking and Financial Services

Many banking and financial services companies perform cybersecurity and IT compliance audits. Banking and financial services encompasses a broad range of businesses including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises. Each of the above businesses faces unique challenges in terms of internal controls. Physical and logical security play a major role in ensuring customer data is secure. Confidentiality and privacy are also important, as is the completeness, timeliness, and accuracy of transactions. Each business has its unique challenges around internal controls. Implementing a robust compliance program can be used as a competitive advantage.