Avior's BenchMark is an open, extensible platform capable of supporting any compliance regulation. Avior, with the help of our Avior Knowledge Partners, delivers specific solutions for many challenging areas of compliance such as information privacy, and vendor risk assessment. For each of these compliance applications, Avior offers a complete, turn-key solution including Knowledge Modules with specific embedded regulatory content, templates, pre-built reports, and workflows.
Information Privacy Assessment
Regulations impacting information privacy span all organizations, in all industries. Over thirty states have now enacted information privacy and security breach legislation. At the federal level, existing regulations such as Gramm-Leach-Bliley and HIPAA contain provisions regarding the protection of non-public personal information. And organizations operating internationally are subject to various privacy regulations, including the EU Data Privacy Act, Japans Personal Information Protection Law, and others.
Avior BenchMark streamlines and automates the entire process of information privacy assessment and management.
Vendor Risk Management
Regulators in the financial services area require financial institutions to assess and manage risks from their third-party service providers. Regulations such as Gramm-Leach-Bliley and associated FFIEC guidelines are specific about protections and security controls that must be provided for non-public personal information, both by the financial institution, and by their outsourcing partners. Regulators have also made clear that financial institutions can outsource the function, but not the risk. Vendor risk management is a critical function that, when done manually, is painful and costly.
Avior BenchMark leverages BITS Shared Assessments standards, the Standardized Information Gathering (SIG) and Agreed Upon Procedures (AUP), to automate the vendor risk assessment process, and alleviate pain and cost for financials institutions and service providers alike. |