As a financial institution, you want to ensure you’re doing everything you can to protect yourself and your customers. This is especially true as inevitable changes continue to happen—technology evolves and progresses, criminals become more creative, business landscapes shift.
One crucial step toward peace of mind is to create a robust security program. This starts with a risk assessment.
A risk assessment is an evaluation of possible risks and an analysis of the likelihood and impact of reasonably anticipated threats. This assessment provides you with an understanding of what the possibilities are. You can use that information as guidance to properly allocate people and investments to address cyber risk.