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Wading You Through the Web of Finance Regulations

Abacus Group, the leading Managed Services Provider (MSP) to financial services firms with specialized cybersecurity expertise provided by Gotham Security, an Abacus Group company, has officially announced an update for its integrated IT and security solutions. Designed to help users more effectively meet the needs of financial services industry, this particular update comes bearing an ability to provide easy-to-select and comprehensible packages, packages that can be tailored to emerging firms, established and regulated firms, as well as sophisticated high-tech firms. Furthermore, it will also, at launch, have the means to disburse guidance on what is regulator and investor-friendly. Talk about the whole value proposition on a slightly deeper, though, we must acknowledge how it is all headlined by abacusFlex, which happens to be an ecosystem of comprehensive, secure, compliant, as well as integrated Managed Services Providers (MSP) and Managed Security Services Providers (MSSP). The stated ecosystem, in its current shape and form, helps clients access a full spectrum of security controls, right from baseline protection to advanced enterprise-grade security, and it does that all through a single platform which can scale seamlessly in response to your evolving needs. However, thanks to the latest update, abacusFlex can now be also presented to users in three tailored packages. In the first package, named Cyberbasic, the solution will supply baseline cybersecurity protection and fast onboarding for emerging and non-regulated firms. Next up, we have the CyberCore variant. This one will include a comprehensive package of technical and process controls so to conceive optimal security protection for regulated financial services firms, and at the same time, address Operational Due Diligence (ODD).

Then, as our third and final package, there is CyberEnterprise. CyberEnterprise basically brings to the fore a sophisticated security network, which on its part, allows regulated firms to leverage cyber-governance capabilities alongside advanced technology. Not just that, the package also makes it possible for the user to access governance and risk management add-on services powered by Gotham Security, a cybersecurity provider that Abacus acquired last year.

“As cyber threats continue to evolve, it’s critical that our clients know our top priority is keeping them secure, no matter their maturity and unique needs,” said Jonathan Bohrer, President at Abacus Group. “Leveraging extensive client feedback and insights from our cyber special forces at Gotham Security, we’ve revamped and upgraded our cybersecurity packages to provide the most advanced, comprehensive protection available. Our goal is to reduce cyber risk and simplify compliance so our clients can focus on their core business objectives. These enhancements deliver cyber defenses in a flexible, tiered model.”

To further build upon the given update, Gotham Security’s line-up of certified ethical hackers, in collaboration with Abacus Group’s dedicated cybersecurity team, will deliver at your disposal enhanced actionable solutions, including real-world penetration testing, risk assessments, and ongoing monitoring and response. This they should be able to do through the company’s Security Operations Center (SOC). In case that didn’t sound impressive enough, then we must mention the Abacus’ pledge to let its clients establish and maintain visibility into their firm’s cybersecurity program using a separate, and more importantly, transparent Cybersecurity and Risk Management Dashboard. Markedly enough, the dashboard in question arrives on the scene with a strong consideration for both, the user experience and financial services regulatory requirements.

 

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