In the face of continuously evolving cyber threats, risk management becomes paramount for financial services institutions. Given the current emphasis on AI progress and FCA’s attention on operational resilience, conducting an IT and cybersecurity audit becomes essential. This audit aids in pinpointing vulnerabilities and provides a chance to proactively address risks posed by external threat actors, preventing potential exploitation.
FCA expects firms to maintain schedules for audits throughout the year as well as other monitoring controls and testing mechanisms (such as penetration tests and vulnerability scans).
The purpose of auditing Information Technology (IT) systems is to enable organisations to address IT challenges, improve the governance and meet stakeholders’ expectations, compliance, and assurance responsibilities in the context of IT.
Our seasoned specialists in IT and cyber risk possess extensive experience within the financial services industry, particularly in the payments and investment sectors. This positions Complyport as the optimal partner to fulfil your IT and cyber risk assurance requirements.
Our team of experts can perform a comprehensive audit of IT systems based on various frameworks and technical standards, identify IT challenges and areas for improvements, deliver Audit Reports and help firms to establish their Annual IT Audit Plan.
An IT and cybersecurity audit involves an external, independent evaluation of your information security processes, controls, documented policies, procedures and staff in order to assess your ability to protect information assets from the effects of cyber threats.
These audits serve as essential tools for effectively managing IT and cyber risks, while also establishing compliance with various regulations and guidelines. The audit reports can be employed to showcase to external parties that your firm maintains the highest levels of IT and cybersecurity standards. Additionally, these reports demonstrate an awareness of the ever-changing landscape of IT and cybersecurity threats, and alignment with standards such as EBA Guidelines, ISO 27001, Cyber Essentials, and GDPR.
With over 25 years of experience in the financial services industry, Complyport offers unparalleled expertise in regulatory compliance, ensuring your firm stays ahead of evolving regulations.
From AML audits to risk management and regulatory reporting, Complyport provides a full spectrum of compliance services, allowing you to streamline your compliance processes and focus on your core business activities.
We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.
We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.
Our team of seasoned professionals, including former regulators and industry experts, leads all engagements, offering deep insights and practical advice to help you manage compliance risks effectively.
Leveraging cutting-edge fintech, regtech and AI tools, Complyport enhances your compliance processes with advanced technology, ensuring accuracy, efficiency and real-time regulatory updates. Our innovative solutions empower your firm to stay compliant while maximising operational efficiency.
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