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  • Technology Risk in Financial Services

    Tackling IT security and risk for financial services.

Technology Risk in Financial Services

Technology is the beating heart of most financial services companies and products. Technology has revolutionised the sector but it has not changed the fundamental need for security and reliability. Our clients understand that technology brings with it inherent risks both to their customers and to their companies. We work with them to assess, prioritise and manage those risks.

We have helped our clients with the following challenges;

  • IT governance and strategy
  • IT change management
  • Information security
  • IT disaster recovery
  • Data analysis.

Our Financial Services technology risk services include:

Technology Risk Assurance and Advisory

We provide a range of IT audit, assurance and certification services to our clients. We help and advise the on major IT projects and programmes to ensure alignment with business strategy develop and business continuity plans, audit internal systems including Sox 404 compliance.  We also verify and certify effectiveness of controls under the following;

  • AAF 01/06
  • ISAE 3000
  • ISAE3402
  • SSAE 16

Data Analysis and Management for Financial Services

Our clients understand the need to maximise the value of data as well as protect it effectively. We advise on data privacy policies and procedures to ensure compliance with legislation. We provide assistance with data integrity to ensure that our clients’ data is accurate and available. Finally, we work with our clients on data management and help get the most added value from their data.

Information Security

  • Information Security – establishing controls to safeguard and secure information.
  • Payment Card Industry Data Security Standard – BDO is a QSA company offering a range of services to help clients with their compliance.

Network Domain Security Review

It has become common for news stories about external cyber-attacks to make the front pages and it is right for companies to address that. The potential damage is huge. Perhaps less newsworthy but just as potentially damaging are the data thefts and malicious uses that are possible because the configuration of internal networks. You can mitigate those risks by adopting an appropriate framework and methodology to network configuration. 

The BDO Network Domain Security Review will;

  • Ensure you are adopting best practice for cyber security and compliance with legislation
  • Deliver a report with actionable recommendations
  • Require no installation on your network
  • Will make no changes to your network

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