Financial Institution (FI) executives around the country struggle on a daily basis to determine the overall effectiveness of their information security programs and to understand if the dollars associated with the program are sufficient to ensure compliance with regulatory requirements.
While there are many industry reports that provide data regarding information security practices and industry trends, the reports tend to be very general in nature and capture information from companies in multiple verticals. Simply put, these industry studies are too generic and simply do not provide answers to the critical questions increasingly presented to Boards and executive management teams. As a result, the value of these conventional reports is diminished for financial institutions.
Digital Defense (DDI) recognizes this ongoing challenge and the impact these unanswered questions have on the financial institution industry. The roadblock to addressing the matter and providing financial institutions with relevant, substantial information similar to their CAMELS ratings has always been the lack of a mechanism to capture, analyze, and report on all of the relevant data points.
To provide the key industry Return on Investment (ROI) data sought by financial institutions, Digital Defense offers DDI Insight™, a solution that allows financial institutions to quickly and effectively understand if the budgeting, planning, and execution of their information security program is commensurate with that of their peers.
The DDI Insight confidential Analysis Report offers anonymous data for your institution and those in your, NCUA region, asset range, membership size, employee count, etc.
DDI's state-of-the-art data capture tools, coupled with proprietary analysis & correlation algorithms, allow for the examination of relevant industry data points to provide this first-ever FI-centric report.
Through the study, financial institutions will have the ability to answer...
...as well as many others.
Following the execution of a service agreement with DDI, you will receive an online questionnaire requesting certain information about the information security program currently in place at your financial institution. Note that DDI will pre-populate this questionnaire to the extent possible to minimize your time investment in this step of the process.
After receipt of your completed questionnaire, DDI will contact you to begin an analysis of your existing network security. DDI will arrange to send you all of the necessary equipment to complete the network security evaluation. Rest assured that none of your organization's data will be reflected in any report other than in an anonymous, statistical manner.
DDI will prepare a Confidential Analysis Report specific to your organization. The Analysis Report will compare and contrast information gleaned from the IS Program Questionnaire as well as the FI Network Analysis steps with generic statistics from other participants in the program. This report is the key to your understanding the ROI associated with your information security program.
DDI will process survey questionnaires during the fourth quarter of 2010 for inclusion in the 2010 Analysis Report.
DDI will evaluate financial institution networks during the fourth quarter of 2010 for inclusion in the 2010 Analysis Report.
DDI will begin delivering 2010 Analysis Reports during the first quarter of 2011 via the Frontline™ portal.
DDI maintains the Analysis Report in our files for one calendar year after completion of the engagement. Please note that all client data will be kept strictly confidential.