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2015 ISA ENTRY – CoNetrix: tandem Cybersecurity Assessment

On June 30, 2015, the FFIEC released a Cybersecurity Assessment Tool to help financial institutions identify their risks and assess their cybersecurity preparedness. The assessment tool is designed to provide a repeatable and measurable process for banks and credit unions to measure their cybersecurity preparedness over time.

tandem Cybersecurity Assessment provides a quick, easy, electronic way to complete the FFIEC cybersecurity self-assessment. Users log in to tandem and complete a questionnaire to generate their institution’s inherent risk profile and maturity level. Results live in tandem for tracking and reporting on a regular basis.

The tandem Cybersecurity Assessment tool is launching in phases and will be available as a free or professional version. Some of the key features provided by the tool will include the ability to compare results with similar financial institutions, a variety of graphs and reports for analyzing data and improving cybersecurity, including a report template for the board of directors, and a plan of action template to improve maturity levels if applicable.

The tool is an integrated module in tandem, an online software suite for managing information security and compliance. Other modules include: Risk Assessment, Vendor Management, Business Continuity Planning, Identity Theft Prevention Program, Audit Management, Social Media Management, Compliance Management, and more.

tandem Cybersecurity Assessment by CoNetrix warrants an Innovative Solutions Award because:

  • The tool is an electronic way to complete the FFIEC cybersecurity assessment.
  • The streamlined process will help financial institutions save time, avoid gaps or simple errors, and easily see where to improve.
  • The solution will provide a variety of reports and graphs to assist institutions in analyzing and understanding their data and making informed decisions to improve their cybersecurity.
  • The tool is free to financial institutions with pro features coming soon.
  • tandem subscribers can access the tool in the same interface as other modules for efficient security and compliance management.

CoNetrix
www.conetrix.com/cybersecurity

2016 ISA Entry – tandem Cybersecurity Pro and Pro+ by CoNetrix

tandem Cybersecurity by CoNetrix offers an electronic way to complete the FFIEC Cybersecurity Assessment Tool, analyze the institution’s inherent risk and cybersecurity maturity, facilitate gap responses, run various reports, and optionally compare anonymous results from peers.

To provide more value to the free tandem Cybersecurity Assessment Tool, CoNetrix developed tandem Cybersecurity Pro & Pro+, two paid versions with additional features and professional services to assist financial institutions with cybersecurity guidance and compliance.

tandem Cybersecurity is an integrated module in tandem, an online software suite of tools used by over 1,300 financial institutions in all 50 states to manage information security and compliance. Other modules include: Risk Assessment, Vendor Management, Business Continuity Planning, Policies Management, Audit Management, Social Media Management, Compliance Management, Phishing, and more.

tandem Cybersecurity Pro and Pro+ by CoNetrix warrant an Innovative Solutions Award because:

  • Both modules provide the FFIEC Cybersecurity Assessment Tool in an automated platform for fast completion, reporting, and understanding of results, as well as a unique anonymous peer analysis.
  • tandem Cybersecurity Pro opens up the peer analysis feature with additional options for comparing results to institutions of similar regulatory body and asset size. With Pro, institutions can copy existing assessments, flag questions for follow up, and compare assessments from year to year.
  • tandem Cybersecurity Pro+ adds professional services, such as annual training for your Board of Directors, assistance with reporting to the Board, employee training over tandem, and consulting services related to the FFIEC Cybersecurity Assessment Tool.
  • Over 1,000 financial institutions have signed up for the tool from all 50 states, and half of those financial institutions have already completed their cybersecurity assessments in tandem.

CoNetrix
www.conetrix.com

2016 Management/Operations/Processing Solution Honorable Mention –
tandem Audit Management Pro by CoNetrix

Use tandem Audit Management Pro to create work-programs and conduct any type of audit, as well as manage findings and track responses from any type of audit, testing, or exam.

Since December 2013, tandem Audit Management has provided the banking industry with an online platform for entering, tracking, and responding to audits and exams. Released in November 2015, tandem Audit Management Pro now brings the industry the ability to perform enterprise-wide management of custom audit work programs, work paper storage and downloads, creation and distribution of audit questionnaires, an online portal for audit request lists, and graphical representations of the data.

Included in the module is a template work program, created by CoNetrix auditors, for the new InTREx (Information Technology Risk Examination) Exam.

tandem Audit Management is an integrated module in tandem, an online software suite of tools used by over 1,300 financial institutions in all 50 states to manage information security and compliance. Other modules include: Risk Assessment, Vendor Management, Business Continuity Planning, Policies Management, Social Media Management, Compliance Management, Cybersecurity, Phishing, and more.

Why does tandem Audit Management Pro warrant an Innovative Solutions Award?

  1. It helps financial institutions manage the results from audits and examinations to efficiently make improvements and track trends.
  2. It can be used to perform, report on, respond to, and resolve any type of audit, testing, or exam.
  3. With tandem Audit Management Pro, financial institutions have the ability to create, manage, and store work-programs. Additionally, audits and other forms of testing can be performed within the module using tools such as an online portal for requesting audit information, documenting results of audit testing, storing work papers, and audit finding reporting in multiple formats and using graphical dashboards.
  4. CoNetrix auditors create and add template work-programs, such as the new InTREx (Information Technology Risk Examination) Exam work program.

CoNetrix
www.conetrix.com

2016 ISA Entry – tandem Phishing by CoNetrix

Learn how to spot phony emails with tandem Phishing.

CoNetrix developed tandem Phishing for community banks to provide social engineering tests and training in the form of simulated phishing emails.

IMAGE-2-tandemPhishingThe online module allows users to draft and send phishing email messages through a campaign manager with built-in templates created by the CoNetrix Security & Compliance Team.  In addition, users can create their own message templates or landing pages and use them in custom campaigns.  tandem Phishing also allows users to manage multiple phishing campaigns at once, run reports, and download documents in Word, Excel, or PDF formats.

tandem Phishing is an integrated module in tandem, an online software suite of tools used by over 1,300 financial institutions in all 50 states to manage information security and compliance. Other modules include: Risk Assessment, Vendor Management, Business Continuity Planning, Policies Management, Audit Management, Social Media Management, Compliance Management, Cybersecurity, and more.

tandem Phishing by CoNetrix warrants an Innovative Solutions Award because:

  • Regular phishing testing with tandem Phishing will help employees recognize and avoid criminal phishing attacks with critical threats, including ransomware.
  • Integrated training within the tests provides immediate and targeted training to employees to improve information security.
  • An unlimited number of automated phishing emails can be sent to employees, allowing community banks to be prepared without having to worry about fluctuating costs of limited plans.
  • tandem Phishing was developed by CoNetrix, a company devoted to helping community banks with products and services that ease the compliance burden.
  • Regular training with tandem Phishing can lead to higher maturity scores on the FFIEC Cybersecurity Assessment.
  • Analytics and reports can be easily generated after phishing testing to provide the Board with actionable status updates.

CoNetrix
www.conetrix.com

How Cybersecurity Affects Board Dynamics

By Stephanie Chaumont

As a security consultant, I have spent time talking with management and members of the boards of directors at several institutions. And I can tell you that they run the gamut of security-mindedness and technology knowledge. I have met directors who want to know what’s going on in the IT department and are well-versed in information security and cybersecurity threats; there are others who want nothing to do with anything IT-related. But board members now have an excellent resource to improve their knowledge: Overview for Chief Executive Officers and Boards of Directors, released last year with the Federal Financial Institution Examination Council’s Cybersecurity Assessment Tool.

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2015 Innovative Solutions Award Winners

The Innovative Solutions Awards recognize companies helping community banks improve their operations, be more competitive, enhance their technical capabilities and increase their profitability. Congratulations to this year’s winners!

Equipment Solution

Winner: ACG – ECS 4-in-1 (ATM Anti-Skimming Device)

ECS 4-in-1 is ACG’s most comprehensive skimming solution for ATMs with dip card readers. ATM card skimming is high-tech bank robbery that accounts for 98 percent of all ATM card fraud. The U.S. Secret Service estimates that domestic financial institutions lose $1 billion annually due to skimming attacks. ACG’s ECS 4-in-1 device is poised to arm community banks against card fraud by offering multi-layered skimming protection.

ECS 4-in-1 is truly a unique anti-skimming solution, as it offers a combination of detection and jamming protection. It not only safeguards ATM users against skimming attacks through detection technology. It also provides a shield of skimming protection by creating random, disturbing frequencies that scramble skimmers (jamming). Therefore, ECS 4-in-1 can detect the physical installation of skimming devices while simultaneously deactivating them. Additionally, the complete solution includes communication and data logging functionalities. Therefore, ECS 4-in-1 is a fully integrated solution that provides financial institutions with four tools to combat skimming: 1) detection; 2) jamming; 3) communication; and 4) data logger.

The Innovative Solutions Awards champion products and services that aid community banks in the areas of efficiency and customer service; ECS 4-in-1 is an original hardware solution that does just that. The product’s detection and jamming functions protect not only banks, but also their customers against skimming attacks — bolstering branch security and customer confidence. The communication and data logger functions allow banks to closely monitor and track ATM card activity to quickly identify skimming devices and protect customers from attacks. Moreover, ECS 4-in-1 will help community banks better serve customers through:

  • Customization: Product parameters are highly customizable according to FI requirements to minimize false alarms.
  • Convenience: On average, it takes less than an hour to install ECS in the field, and the ATM does not have to be taken out of service during installation.
  • Affordability: ECS 4-in-1 is the most affordable skimming solution on the market that features both detection and jamming technology.

Consulting/Outsourcing/Training Solution

Winner: Computer Services, Inc. (CSI) Cybersecurity Risk Assessment

Following recent cyberattacks and system compromises — as well as regulatory updates — financial institutions have experienced the need to improve their ability to combat cybercrime. CSI’s Cybersecurity Risk Assessment is designed to help an organization gauge the level of risk associated with its cyber presence, identify and evaluate existing cybersecurity controls and evaluate the need for additional security measures. As part of the Cybersecurity Risk Assessment, CSI Regulatory Compliance experts will perform a thorough top-to-bottom review, which includes:

  • Identification and classification of applicable systems.
  • Calculation of inherent and residual risk.
  • Evaluation of controls.

Following the full assessment, the institution receives a cybersecurity risk assessment report, which contains all values and scores from each step of the assessment process, including inherent and residual risk scores for each applicable system. As a result, institutions will gain a clearer picture of where they may need additional controls, and can then make the necessary adjustments to further reduce risk to an acceptable level. Key reasons CSI’s Cybersecurity Risk Assessment deserves an Innovative Solution Award:

  1. CSI’s team of experts provide decades of industry knowledge and experience in compliance, IT security and risk management to ensure that existing risk is quickly identified and eliminated.
  2. Based on CSI’s CISSP, CISM, CISA certifications and many more, the Cybersecurity Risk Assessment team is able to provide financial institutions with a comprehensive report containing all values and scores from each step of the cybersecurity risk assessment process.
  3. CSI’s reporting capabilities show inherent and residual risk scores for each applicable system, providing financial institutions with a clear picture of where they may need additional controls to reduce risks.
  4. As new threats emerge, CSI keeps pace with the latest cybersecurity risk factors, enabling banks to stay secure and compliant without focusing added time and energy on prevention.

Honorable Mentions:

ProfitStars – Gladiator Hosted Network Solutions

nCino – nCino University


Management/Operations/Processing Solution

Winner: CoNetrix tandem Cybersecurity Assessment

On June 30, 2015, the FFIEC released a Cybersecurity Assessment Tool to help financial institutions identify their risks and assess their cybersecurity preparedness. The assessment tool is designed to provide a repeatable and measurable process for banks and credit unions to measure their cybersecurity preparedness over time. tandem Cybersecurity Assessment provides a quick, easy, electronic way to complete the FFIEC cybersecurity self-assessment.

Users log in to tandem and complete a questionnaire to generate their institution’s inherent risk profile and maturity level. Results live in tandem for tracking and reporting on a regular basis. The tandem Cybersecurity Assessment tool is launching in phases and will be available as a free or professional version. Some of the key features provided by the tool will include the ability to compare results with similar financial institutions, a variety of graphs and reports for analyzing data and improving cybersecurity, including a report template for the board of directors, and a plan of action template to improve maturity levels if applicable.

The tool is an integrated module in tandem, an online software suite for managing information security and compliance. Other modules include: Risk Assessment, Vendor Management, Business Continuity Planning, Identity Theft Prevention Program, Audit Management, Social Media Management, Compliance Management, and more. tandem Cybersecurity Assessment by CoNetrix warrants an Innovative Solutions Award because:

  • The tool is an electronic way to complete the FFIEC cybersecurity assessment.
  • The streamlined process will help financial institutions save time, avoid gaps or simple errors, and easily see where to improve.
  • The solution will provide a variety of reports and graphs to assist institutions in analyzing and understanding their data and making informed decisions to improve their cybersecurity.
  • The tool is free to financial institutions, with pro features coming soon.
  • tandem subscribers can access the tool in the same interface as other modules for efficient security and compliance management.

Honorable Mentions:           

DCI (Data Center, Inc.) – iCore360 (ECP)

Jack Henry & Associates – Branch Anywhere


eBanking (Mobile/Online/Tablet/Remote) Solution

Winner: DCI (Data Center, Inc.) – Internet/Mobile eBanking Solutions

Finally, you have a new choice in online and mobile banking solutions that can deliver everything you and your customers need at a value you can’t find anywhere else, and that are backed by a company and people that you can trust — the new Online/Mobile eBanking solutions from DCI. The new options from DCI set the standard as the industry’s most high-value solutions for innovative Internet and mobile banking that includes all the functionality of even the largest institutions at a value you won’t find anywhere else, not to mention a level of personal support that only DCI can deliver, backed by our 52-year stability of private ownership and innovation.

Newly enhanced features in online and mobile banking give your customers everything they need to conveniently manage accounts, pay bills, transfer funds, view details and much more, anytime, anywhere, completely branded for your bank. Plus, there are also full-featured options for voice banking and business cash management. Easy-to-use customer and administrative interfaces mean you won’t need additional technical expertise or personnel to operate a full-service branch online. And combined with options such as iCore360 Inter@ct: positive pay fraud protection and expanded online statements and images, DCI Internet/Mobile eBanking solutions help you attract and serve your most profitable customers with the least expensive delivery channel available.

Other features and benefits:

  • Real-time balances from single source.
  • Balances correlate with all channels (ATM, teller, VRU, etc.).
  • Secure 24-hour access.
  • Data mining.
  • Customized for your bank and customers.
  • Creates fee income.
  • Effective cross-selling and marketing.

The new solutions from DCI mean you can deliver dynamic, on‐demand tools to your customers for better, more convenient banking while helping your bank become more agile, competitive and profitable year after year.

Honorable Mentions:           

ProfitStars – EPS SmartPay Express

Computer Services, Inc. (CSI) – Secure Wireless and Tablet Services

 

2013 Innovative Solutions Award Winners

With more than 40 entries and more than 1,500 votes cast, this year’s Innovative Solutions Awards contest was one of the most successful ever. The Innovative Solutions Awards recognize companies helping community banks improve their operations, be more competitive, enhance their technical capabilities and increase their profitability. Congratulations to this year’s winners!

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BankNews Reveals Winners of 2013 Innovative Solutions Awards

Oct 7, 2013 – Today, BankNews Media announces the winners of the 2013 Innovative Solutions Awards. The Innovative Solutions Awards, now in their sixth year, are recognized as the most prestigious awards for companies helping community banks improve their operations, be more competitive, enhance their technical capabilities and increase their profitability. BankNews received more than 40 entries in four categories and readers cast more than 1,500 votes on Banknews.com.

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BankNews Reveals Winners of 2013 Innovative Solutions Awards

Oct 7 – Today, BankNews Media announces the winners of the 2013 Innovative Solutions Awards. The Innovative Solutions Awards, now in their sixth year, are recognized as the most prestigious awards for companies helping community banks improve their operations, be more competitive, enhance their technical capabilities and increase their profitability. BankNews received more than 40 entries in four categories and readers cast more than 1,500 votes on Banknews.com.

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2012 Innovative Solutions Award Winners

Kryptronic Internet Software Solutions