Alerts, Breaches, News & Articles.

October 17, 2017

There continues to be a great deal of confusion over the new service organization reporting structure and which reports are the best to obtain. The basic intentions of the reports are as follows:

SOC 1 – Related to Internal Control over Financial Reporting

SOC 2 – Relate...

March 30, 2015


The FFIEC provided two statements in order to notify financial institutions of the growing trend of cyber-attacks involving destructive malware and obtaining online credentials for theft, fraud or business disruption

Sources: FFIEC Statement on Destructive Malware (PDF...

February 24, 2015



The FFIEC released a revised Business Continuity Planning (BCP) Booklet, which is part of the FFIEC Information Technology Handbook (IT Handbook). The update included an addition of appendix J, Strengthening the Resilience of Outsourced Technology Services.


What does...

February 19, 2015



The FFIEC provided an overview of its Cybersecurity priorities for the remainder of 2015. These priorities originate from last year’s pilot assessment of 500 financial institutions.


Work is underway in the following workstreams:

  • Cybersecurity Self-Assessment Tool—...

July 17, 2014




Support for Microsoft’s Windows XP Operating System ended on April 8, 2014. This means that security updates and technical support were discontinued. While there have been some complicated ways to still receive support noted in recent articles, the fact remains that...

April 14, 2014



As we move away from the era of the SAS 70 and even the term SSAE 16, organizations are asking themselves which report they should be obtaining from their service providers. The basic intentions of the reports are as follows:


SOC 1 – Related to Internal Control over...

March 18, 2014



During our client work over the past year, we have noticed a trend that has caused some concern. We are seeing great focus and testing being done around the operating effectiveness of controls, but not as much focus on design testing. While ensuring the controls esta...

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