Accounting and Financial Software
Abound Resources Offers Community Financial Institutions a High-Tech Risk Analysis Solution
ANNAPOLIS, Md., May 23 / Abound Resources and RiskWatch, Inc. announced today that they have reached an agreement to offer RiskWatch for Financial Institutions© software to their community financial institution customers to meet the new FFIEC regulatory requirements for risk analysis.
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) and Sarbanes-Oxley standards.
"RiskWatch is the only software that meets the FFIEC standards for completing an IT risk assessment of their Internet applications and automatically produces reports that comply with the new risk assessment requirements," commented Sharon Sokol, Vice President of Abound Resources.
The FFIEC now requires a full information security risk assessment, including the analysis of the matrix between threats and vulnerabilities, as well as cost benefit analysis and return on investment detail, from every bank in the United States by December 2006.
Abound Resources, Inc. of Austin, Texas, offers the first affordable, unbiased technology support solution for community financial institutions. The firm helps community bankers maximize their existing technology, make the best purchase decisions, manage the IT regulatory burden, and save time and money. Its innovative, web-based technology support system allows it to provide strategic, customized support at an unparalleled price point. Breakthrough products include ClickSupport(TM) and ProjectSupport(TM).
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:
Sharon Sokol, Abound Resources
Austin, Texas
512-231-1750 x1103
ssokol@aboundresources.comhttp://www.aboundresources.com/
Caroline Hamilton, RiskWatch, Inc.
Annapolis, Maryland
(410) 224-4773, x105
chamilton@riskwatch.comhttp://www.riskwatch.com/
This release was issued through eReleases(TM). For more information, visit www.ereleases.com/.
Source: RiskWatch, Inc.
CONTACT: Sharon Sokol, Abound Resources, +1-512-231-1750, x1103, ssokol@aboundresources.com; or Caroline Hamilton, RiskWatch, Inc.,
+1-410-224-4773, x105, chamilton@riskwatch.com
Web site: http://www.aboundresources.com/
Web site: http://www.riskwatch.com/
