Safe Systems Launches Enhanced Cybersecurity Assessment Tool (ECAT)
Provides community banks, credit unions with enhanced tools for evaluating cybersecurity preparedness
Alpharetta, Ga., April 12, 2016 – Safe Systems, a national provider of fully-compliant IT and security services for community banks and credit unions, today announced availability of its Enhanced Cybersecurity Assessment Tool (ECAT) for financial institutions. The application is designed to help financial institutions complete the complex FFIEC Cybersecurity Assessment Tool (CAT). The ECAT application provides a user-friendly interface that steps users through assessing Inherent Risks and Control Maturity specific to their financial institution.
The application can be implemented as a subscription-based application or with Safe Systems’ comprehensive Cybersecurity RADAR service. ECAT provides helpful hints for understanding the numerous assessment factors and how to respond. To provide context for and justify responses, ECAT allows users to capture notes, and retains them between assessments. Once the initial assessment is completed, financial institutions can maintain it each year, editing and building off of the previous year’s data. Additionally, ECAT provides summary and detailed reporting of the institution’s risks vs. controls.
“While it is certainly beneficial that the FFIEC CAT was released to help keep fraud at bay for financial institutions, the complicated questions can be a bit daunting for many,” said Darren Bridges, president of Safe Systems. “Our ECAT application allows financial institutions to re-assess as needed and easily report upon changes to the risk profile and control environment.”
About Safe Systems
Safe Systems was founded in 1993 to provide compliance-centric IT and security solutions exclusively to financial institutions. The company has become one of the leaders in the industry, managing hundreds of financial institutions representing more than $61 billion in combined assets, 1,100 locations and more than 20,000 network devices. Safe Systems’ IT network management services are the bridge between the core and other third-party applications. These cost effective solutions include IT support and managed services, internal network/cloud design and installation, hosted email, business continuity and disaster recovery, compliance consulting, security services, and IT and compliance training. Safe Systems helps financial institutions to significantly decrease costs, increase performance, and improve their compliance posture. For additional information about Safe Systems, Inc., please visit www.safesystems.com or call 877.752.0550.