TraceSecurity Launches Free Cybersecurity Assessment Tool to Help Financial Institutions Assess Cybersecurity Preparedness

BATON ROUGE, La., May 11, 2016 /PRNewswire/ -- TraceSecurity, a leader in cloud-based cybersecurity solutions, today announced availability of its Cybersecurity Assessment Tool for financial institutions. The application is designed to help financial institutions complete the complex FFIEC Cybersecurity Assessment. Developed directly from the FFIEC guidance, the TraceSecurity Cybersecurity Assessment Tool provides a step-by-step process for evaluating overall inherent risk and cybersecurity maturity.

The tool is available at no cost to financial institutions. Once the initial assessment is completed, financial institutions may continue to access the tool, enabling them to maintain and edit their assessment year-over-year. Additionally, the tool automatically generates detailed reports that illustrate a financial institution's overall inherent risk level and cybersecurity maturity levels.

To assist financial institutions with utilization of the tool, TraceSecurity offers cybersecurity assessment services that include, but are not limited to, assistance with data collection and results analysis.

"TraceSecurity's Cybersecurity Assessment Tool makes it easy for financial institutions to comply with evolving regulatory guidelines that can be complex in nature," said Peter Stewart, TraceSecurity CEO. "With the launch of this new tool, the company continues to enable financial institutions to be proactive and strategic within their information security management – empowering them to combat against increasing cybersecurity risks."

TraceSecurity will present a complimentary webinar, "Evaluate Your Cybersecurity Preparedness with TraceSecurity's Cybersecurity Assessment Tool" on Thursday, May 12 at 1pm CDT.

To learn more:

• Access the TraceSecurity Cybersecurity Assessment Tool
• Read our blog to learn about the differences between an IT Risk Assessment and the FFIEC Cybersecurity Assessment
• Visit TraceSecurity online to learn about our cybersecurity assessment services

About TraceSecurity
TraceSecurity is a leader in cybersecurity software and services that help organizations of all sizes reduce the risk of cyber breaches and demonstrate compliance. TraceSecurity offers a comprehensive portfolio of solutions that allow organizations to manage their information security program and supplement it with third-party validation and testing. TraceSecurity's suite of information security services includes but is not limited to IT risk assessments and audits, social engineering, penetration testing, and security training. TraceSecurity's award-winning TraceCSO is a revolutionary cloud-based solution that dramatically streamlines the management of IT governance, risk and compliance (GRC) programs. It accomplishes this by tightly integrating and automating all eight critical IT GRC components: Risk Management, Compliance Management, Audit Management, Vendor Management, Incident Response Management, Vulnerability Management, Policy Management and Training Management.

With market experience that spans over 2,000 customers, TraceSecurity offers the insight, products, professional services and partners to support the security and risk management efforts of organizations across all industries. TraceSecurity certified partners leverage TraceCSO as a discovery tool to identify additional security solutions and services to offer their customers. Founded in 2004, the company has executive offices in Silicon Valley and offices in Baton Rouge, La. For more information, call (225) 612-2121 or visit www.tracesecurity.com.

© 2016 TraceSecurity. TraceSecurity and TraceCSO are registered trademarks of TraceSecurity. Rights reserved worldwide.

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