AaSys Group Offers RiskWatch for Financial Institutions
AaSys Group Bank Association Offers RiskWatch for Financial
Institutions
Assists Florida Banks in Meeting New FFIEC Risk Assessment
Requirements
ANNAPOLIS, Md., March 31, 2006 -- RiskWatch, Inc. announced
today that it has signed an agreement with AaSys of Tampa,
Florida to distribute its RiskWatch for Financial
Institutions(C) software.
RiskWatch recently released a new updated version of
RiskWatch for Financial Institutions software which allows
organizations to do a self-assessment against the FFIEC
(Federal Financial Institutions Examination Council)
guidelines. The software also assists organizations to do
self-assessments compliance with requirements such as the
FFIEC IT Framework, the Gramm-Leach Bliley Act (GLBA), the
HIPAA Final Security Rule, the ISO 17799-2005 and 27001, SB
1386 (Identity Theft), and the PCI (Payment Card Industry)
standards.
"RiskWatch is the leading risk analysis software and has the
best FFIEC compliance-based analysis software, which is a
perfect match for our association of Florida banks who are
looking for compliance solutions," explained Tony Coleman,
President of AaSys.
According to a recent study conducted by AMR Research, about
$6 billion or 22 percent of all compliance spending this
year will reflect efforts by companies to become compliant
with the FFIEC requirements, as well as regulations related
to the Sarbanes-Oxley Act. Compliance spending is likely to
continue upward in 2007, reaching about $28 billion.
Sarbanes-Oxley and previous corporate scandals have
refocused corporate strategies to incorporate risk
management, governance, and other concerns into their daily
operations.
AaSys Group, Inc. specializes in providing network and
computer solutions to financial institutions. Their
expertise ranges from initial LAN installation for de novo
institutions to ongoing network maintenance and support to
consultation services. With Microsoft & Novell certified
engineers, AaSys has expertise with most banking
applications and is skilled at integrating proprietary
software.
RiskWatch(TM) is the top-rated provider of innovative
security risk assessment and compliance software that
automates the risk management process. RiskWatch clients
include ISS, IBM, Metris, U.S. Federal Agencies, Carolina
First, Keystone Bank, Pfizer, Abbott Labs, Constellation
Energy, Baptist Hospitals and many more.
For more information, contact:
Tony G. Coleman
AaSys Group, Inc.
5907 Breckenridge Parkway
Tampa, FL 33610
(813) 246-4757
tcoleman@aasysgroup.com
http://www.aasysgroup.com
Caroline Hamilton
RiskWatch, Inc.
(410) 224-4773, x105
chamilton@riskwatch.com
http://www.riskwatch.com
