Board Responsibilities for IT Risk Management: Building Blocks for a Secure System
Board members and senior management are responsible for planning and implementing an IT risk management system that works. But they must understand the risks and safeguards - and in these challenging times they especially must know their legal accountability, as dictated by such regulations as the Gramm-Leach-Bliley Act (GLBA) and the ID Theft Red Flags Rule.
Register for this webinar to learn:
- Comprehensive guidance on information security specifically for board members;
- The board's role in planning, researching and implementing an information security program;
- Tips and techniques for information security administration and management.
Safeguarding information assets might sound like a task for the technical team. However, when it comes to information security breaches, your board of directors is ultimately accountable. Board members and senior management are responsible for planning and implementing an IT risk management system that works. To do so, they must understand the risks and safeguards required to govern and maintain a secure environment.
Customer confidence and trust is one key to banking success. That trust is only as secure as the IT risk management system board members and senior management decide to implement. By implementing a system that identifies, measures, manages and controls risks to data and systems, you can protect your institution's reputation and adhere to regulatory mandates and laws. The Gramm-Leach-Bliley Act and section 216 of the Fair and Accurate Credit Transactions Act require strict administrative, technical and physical safeguards. Is your institution in compliance or at risk?
Does your board of directors have a firm understanding of the institution's information security programs and policies? What methods will they use to assess how well the institution is adhering to these policies? Better understanding and tools for risk management success are just a click away.
Our "Board Responsibilities for IT Risk Management" workshop will help ensure that board members have a firm understanding of risk assessment, security controls, monitoring, testing and training techniques.
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