Hamer
Bank Consulting
Information Security & Compliance
Never before has it been more critical for community banks to keep up to date on the latest in IT compliance. The landscape is changing at a rapid pace and the regulatory agencies are expecting you to keep pace. With limited resources and expensive outsourcing options, this can pose quite a challenge. Hamer Bank Consulting can help you to fill in the gap at a reasonable cost. Having been community bankers we understand the need to balance the cost of compliance with the need to meet regulatory expectations.
Cybersecurity Solutions
Cybersecurity has become increasingly more of the main concern of regulatory agencies when evaluating a bank's security preparedness. Traditional solutions for banks rely on a reactive approach which provides for internet security protection based on known threats. This level of protection can be effective but doesn't go far enough. Through a strategic partnership Hamer Bank Consulting is able to offer another level of protection from cybersecurity threats using a state of the art solution at a reasonable cost. With the increased regulatory scrutiny banks cannot afford to have anything less than the best available protection.
Compliance with FFIEC Requirements
The FFIEC handbooks covering IT regulation include hundreds of pages of guidance. Unfortunately for community banks these guidelines have been written from a one size fits all perspective. Hamer Bank Consulting can help you to understand and focus on the elements that pertain to your particular situation. The requirements are constantly changing as are the regulatory exam expectations. We can assist you in complying with the regulations as well with keeping you abreast of the most recent changes. Hamer Bank Consulting specializes in current hot button items such as business continuity planning and vendor management in addition to other requirements. Most importantly we can help to ensure that your board is meeting the expectations as outlined in the FFIEC guidelines.
Information Security Planning
Creating an effective Information Security Program requires a great deal of evaluation, assessment of risk and implementation of effective controls. All of this must be clearly documented and reviewed on a regular basis. Hamer Bank Consulting can assist you in preparing and conducting the necessary analysis to ensure compliance. We can also help to ensure that board communication is consistent and meets regulatory expectations. Too often community banks do not have the available resources to dedicate to the proper development of an effective Information Security Program.
IT Exam Preparation
Our experience has shown that the regulatory expectations during any particular exam cycle seem to be a moving target. Add on top of that the seemingly disparate approach each regulatory agency takes to interpreting the requirements and you have a recipe for disaster. Compliant programs during one exam end up in downgrades during the next cycle with little advance warning. Hamer Bank Consulting can help you to best prepare to address the ever changing landscape of regulatory expectations. We can also review and enhance your documentation to ensure maximum readiness prior to your next exam. In addition, repeat findings can create additional problems. We can assist you in properly correcting these deficiencies in order to help ensure a successful exam.