The Federal Financial Institution Examinination Council (FFIEC) creates principles used to promote uniformity for federally-monitored financial instituations, along with their partners, in terms of reporting systems, audits, and regulatory standards. The FFIEC is comprised of six agencies that work together in order to create these standards:
On top of the Federal agencies listed above, each state has their own Department of Financial Institutions (DFI) that can also participate in performing audits. Please visit your state's government site for more information.
Technology's presence in our world is constantly expanding, and because of this, cybersecurity is just as important in the financial industry as in any other industry. With this in mind, the FFIEC created the Cybersecurity and Critical Infrastructure Working Group in order to provide standards and guidance for protecting institutional and client financial information. Failure to adhere to the standards and policies set by the FFIEC and Cybersecurity and Critical Infrastructure Working Group can entail not only financial repercussions, but it can also harm one's reputation.
We aim to leverage our processes and technology to relieve regulated clients and those with sensitive data from the burdens of maintaining cybersecurity and information controls. In order to do this, we will elevate organizational security awareness and requirements recognition to the highest levels of management and ownership. Furthermore, Egis will help maintain a culture that is disruptive to threat actors and anyone that would harm our clients and their critical industry sectors. In order to achieve this goal, and help one become compliant with the FFIEC, we can: