Safe Systems, a security services provider to financial institutions, has launched a new Information Security Officer (ISO) solution.
The latest offering, ISOversight virtual information security officer (VISO) solution, is designed for banks and credit unions.
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The tool is expected to enable the clients overcome resource and time constraints while dealing with growing ISO responsibilities and regulatory expectations.
The financial institutions can use ISOversight to leverage Safe Systems’ software as a service (SaaS) bundle of compliance applications to improve ISO role.
Overall, the solution includes audit management, business continuity planning, cybersecurity assessment tool and vendor management applications.
Additionally, it is equipped with an information security programme. This feature will assist financial institutions to cover areas mandated by federal institutions.
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By GlobalDataFurthermore, Safe Systems develops a comprehensive summary report based on the status of all information security activities every month.
However, Safe Systems noted that ISOversight is not designed to replace the banks’ in-house ISO.
Safe Systems president Darren Bridges said: “A financial institution’s ISO is responsible for overseeing and reporting on the information security risks across the institution and is held accountable for the results of the information security programme.
“In an effort to alleviate the pressure associated with this challenging role, Safe Systems has developed ISOversight to provide them with the tools, expertise and documentation required to ensure accountability and to adequately satisfy the institution’s IT steering committee, Board, auditors and examiners.”
Last year, Safe Systems introduced Managed Cloud Services for small banks and credit unions.
