Tandem Cybersecurity Assessment Tool

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Additional Info

Company (that provides the nominated product / solution / service)Tandem
Websitehttps://tandem.app/cybersecurity-assessment-tool-ffiec
Company size (employees)10 to 49
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

* It was specially designed to help financial institutions evaluate their cybersecurity posture and comply with regulatory expectations.
* It helps users gain perspective into their assessment results by anonymously comparing their answers with the answers of more than 700 other organizations who have completed their assessments with Tandem.
* It simplify workload by allowing users to delegate responsibilities, schedule follow-up tasks and notifications, and copy previous assessments when it's time for an update.

Overview

The Tandem Cybersecurity Assessment Tool is a Software as a Service (SaaS) designed to help financial institutions complete the FFIEC cybersecurity assessment. Offered in both free and pro versions, the software currently helps more than 1,000 banks, credit unions, and mortgage companies. This product provides an automated way to answer questions provided by the FFIEC CAT, analyze the institutions inherent risk and cybersecurity maturity, document gap responses, and anonymously compare results with other financial institutions. In addition, the software helps credit unions prepare for their NCUA examinations with the Automated Cybersecurity Examination Tool (ACET) integration.