The financial services industry is undergoing a sea change in how it does business. Today their customers expect 24×7 access, self-service convenience, apps that eliminate the need to visit brick-and-mortar locations, and always-available customer service accessed via phone, email, and the internet. Making things even more challenging, financial sector leaders are embracing cloud technologies to save costs, support real-time analysis, and offer more personalized customer experiences.

Running a business is full of surprises. Unexpected events can pop up at any time, potentially leading to the derailment of your organization’s goals. If everything suddenly went haywire, would you and your team know what to do in the heat of the moment? That’s precisely why having a robust risk management program is crucial, and it all starts with a risk register – a tool used to identify and mitigate potential problems.

We’re thrilled to announce that we’ve delivered more than 50 new system integrations over the past quarter, taking us to a total of 110 integrations. This is far ahead of any other automated compliance solution in the market, reflecting our innovation velocity and long-term commitment to ensuring customer value and success with Vanta.

Anti-money laundering (AML) compliance in the mobile money industry has become increasingly important in 2023. With the rise of mobile money transactions, regulatory bodies are ramping up efforts to combat money laundering and terrorist financing. In this infographic, we explore the technology involved in AML screening, the importance of AML compliance in the industry, and best practices for financial institutions.

Following our recent acquisition of Trustpage, we are excited to announce Questionnaire Automation, a solution designed to help organizations in quickly responding to security questionnaires and effectively communicating security and compliance to customers and prospects. This solution utilizes the fastest and most accurate automation technology to provide security questionnaire responses.

Imparting your data to an organization, whether you are a private individual or another organization yourself, requires an incredible amount of trust. How can you be sure that they will handle your sensitive information properly? For specific industries, stringent standards and regulations are in place to ensure cybersecurity. For example, HIPAA for healthcare and PCI DSS for payment card processing companies reassure customers and companies that data is protected.

SOC 2 is a compliance standard for service organizations, developed by the American Institute of CPAs (AICPA), which specifies how organizations should manage customer data. SOC 2 is based on five overarching Trust Services Criteria (TSC): security, availability, processing integrity, confidentiality, and privacy. Specifically, the security criteria are broken down into nine sections called common criteria (CC).

ISO/IEC 27001 is the international standard on information security. It was established by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) to stipulate the framework for implementing Information Security Management Systems (ISMS) in an organized and risk-effective way. For this article, we’ll mostly refer to ISO 27001, but know that we’re referring to both ISO/IEC 27001. Got it? Let’s begin!

Data security is a major concern for almost everyone. From organizations to individuals, most of us who use or supply cloud-based services want to ensure that our information stays confidential and accessible. However, these concerns are amplified to national security when government data is the subject. That’s why the U.S.government has a stringent set of security requirements known as FedRAMP®. All cloud vendors that provide services to federal agencies must comply with these standards.

In November 2022, the Criminal Justice Information Services (CJIS) division of the FBI updated its cybersecurity policy, impacting state agencies, police departments, and other organizations that handle Criminal Justice Information (CJI). The updated policy poses challenges for organizations, especially smaller ones, to maintain compliance due to limited resources, lack of expertise and the policy’s complexity.