In the face of continuously evolving cyber threats, risk management becomes paramount for financial services institutions. Given the current emphasis on AI progress and FCA’s attention on operational resilience, conducting an IT and cybersecurity audit becomes essential. This audit aids in pinpointing vulnerabilities and provides a chance to proactively address risks posed by external threat actors, preventing potential exploitation.

FCA expects firms to maintain schedules for audits throughout the year as well as other monitoring controls and testing mechanisms (such as penetration tests and vulnerability scans).

The purpose of auditing Information Technology (IT) systems is to enable organisations to address IT challenges, improve the governance and meet stakeholders’ expectations, compliance, and assurance responsibilities in the context of IT.

Our Specialist Team

Our seasoned specialists in IT and cyber risk possess extensive experience within the financial services industry, particularly in the payments and investment sectors. This positions Complyport as the optimal partner to fulfil your IT and cyber risk assurance requirements.

Our team of experts can perform a comprehensive audit of IT systems based on various frameworks and technical standards, identify IT challenges and areas for improvements, deliver Audit Reports and help firms to establish their Annual IT Audit Plan.

Demonstrate your IT and cyber security standards to external parties

An IT and cybersecurity audit involves an external, independent evaluation of your information security processes, controls, documented policies, procedures, and staff in order to assess your ability to protect information assets from the effects of cyber threats.

These audits serve as essential tools for effectively managing IT and cyber risks, while also establishing compliance with various regulations and guidelines. The audit reports can be employed to showcase to external parties that your firm maintains the highest levels of IT and cybersecurity standards. Additionally, these reports demonstrate an awareness of the ever-changing landscape of IT and cybersecurity threats, and alignment with standards such as EBA Guidelines, ISO 27001, Cyber Essentials, and GDPR.

We work with the following Frameworks and Technical Standards

• SOC2
• NIS Directive
• DORA and EBA Guidelines on ICT and security risk management
• ISO 31000:2018, Risk management – Guidelines
• BS EN ISO 22301:2019, Security and resilience – Business continuity management systems – Requirements
• BS EN ISO 22313:2020, Security and resilience – Business continuity management systems – Guidance on the use of ISO 22301
• ISO 27001:2013, Information technology – Security techniques – Information security management systems – Requirements
• ISO 27002, Information technology – Security techniques – Code of practice for information security controls
• ISO 27005, Information technology – Security techniques – Information security risk assessment
• ISO 27014 – Information technology – Security techniques – Governance of information security
• ISO/IEC 27036-4, Information technology – Security techniques – Information security for supplier relationships – Part 4: Guidelines for security of cloud services

Looking to learn more? 

To discuss the ongoing maintenance and support associated with any of the above services, contact us via the form below to arrange a call with one of our specialist consultants. At Complyport we have deep understanding of IT Audit services. Our team operates on a global scale across multiple jurisdictions, and we offer tailored services to perfectly match your company’s requirements.