In addition to contract requirements, FFIEC guidance followed by state and federal regulators indicate that a regular review of employee permissions is advised. Creating and executing a security audit based on your credit unions organizational polices and government regulations can be perplexing. Factors impacting your audit might include access to technical resources to inspect and assess security controls and the appropriate access to the intellectual capital required to review and implement best practices.
Establishing a systematic, measurable technical assessment of how your credit unions security policy is employed will help you identify your biggest security risks so you can make changes that will protect your credit union from those risks. Performing a full audit when job descriptions change and when other significant changes impacting your human resources occurs is vital. Once this audit is complete your credit union should institute a formal process to complete access control changes on a continuous basis and then document the audit for the Supervisory Committee, regulators, and third-party auditors.
“Employee Security Audit” will help you put a process in place that formalizes your approach for granting access rights. Then quarterly, you, your supervisory team and managers will audit the changes against the tool maintenance reports.
The process requires planning, preparation, communication, and documenting the work performed. A culmination of 20 plus years of experience performing security reviews for credit unions from 5 million to a billion dollars in assets. AuditLink’s Vice President of Business Development, Jim Vilker, NCCO, CAMS, provides the instructions and professional guidance you will need to make Employee Security Audit a part of your credit unions operations. Make Employee Security Audit a part of your strategy by ordering your free copy today.
Who Should Read This Paper
A self-help guide for Employee Security Audit’s. Includes industry expertise, questions for consideration during your audit, comprehensive user manuals for CU*BASE Toolsets and Reference Materials making your audit a success. Designed for Credit Union Executives, Managers and Supervisory Committees.
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