Audits, Assessments, & Compliance Reviews for Financial Services

NETBankAudit provides financial service providers with expert cybersecurity and compliance audits, enabling you to manage risks effectively and secure your growing network of branches and services.

800
+
Organizations Assisted
23
+
Years of Superior Success
38
States Represented

Banks, Credit Unions, Mortgage Companies, Credit Associations, Investment & Trust Services

With over 20 years of experience, NETBankAudit guides various financial institutions through technical and regulatory complexities. We provide tailored solutions for banks, credit unions, and farm credit associations, addressing unique circumstance, regulatory needs and budget constraints.

Our offerings include but are not limited to:

  • IT General Controls, Governance, Management, Operations, and Security Audits utilizing COBIT, NIST, FFIEC, SOX, FDICIA
  • Internal and External Network Vulnerability and Penetration Testing
  • Social Engineering Testing
  • System, Application, and Device Specific Testing and Auditing
  • Core Security Review
  • Operational Audits – Internet Banking, ACH/Wire, Fedline Assurance, Item Processing, etc.
  • BSA / AML / OFAC Compliance Audits and Model Validations
  • Consumer Compliance Audits and Fair Lending Reviews
  • Safety & Soundness Audits (ALM / IRR / Liquidity and ALLL) and CECL Model Validations
  • Internal Audit Evaluations
  • Risk Assessment Facilitations
  • Technical and Regulatory Consulting
OUR SERVICES

Outsourced Internal Audit & Risk Management Services

Outsourced Internal Audit Services

NETBankAudit offers comprehensive internal audit services, seamlessly integrating with existing programs to ensure thorough evaluations and compliance. Our FFIEC-aligned services extend your internal audit function, following IIA standards and employing the COBIT framework for wholistic assessments. With over 250 institutions under contract, we tailor our approach to each client's unique circumstances, needs, and budget constraints.

  • IT Audits: Evaluation of general IT controls, regulatory compliance, cybersecurity, core processing systems, networking technology
  • Operational Audits: Audit of key financial operations such as loans and deposits, branch administration, digital banking, wire transfer, ACH, and item processing
  • BSA/AML/CFT/OFAC Audits: Compliance reviews, risk assessments, model validations, transaction monitoring system analysis, team training and vendor evaluations.
  • Consumer Compliance Audits: Regulatory audits for fair lending, loan compliance, deposit compliance, privacy protection, and the Community Reinvestment Act.
Learn More

Comprehensive Risk Assessment Services

NETBankAudit delivers tailored risk assessment services to institutions, identifying and evaluating potential risks across operational and regulatory domains. Utilizing industry frameworks such as NIST and FFIEC, we provide actionable insights to enhance risk mitigation strategies and ensure regulatory compliance. These risk assessments are often combined with audits and testing to increase effectiveness and efficiency.

  • Enterprise-wide Risk Management (ERM) assessment
  • GLBA 501(b) Information Security Risk Assessments
  • Cybersecurity Controls Evaluation
  • Ransomware Assessment
  • IT and Operational Risk Assessments
  • Internet Banking, Wire/ACH, RDC Risk Assessments
  • Business Continuity Risk Assessment and Business Impact Assessment (BIA)
  • BSA/AML/OFAC Risk Assessments
  • Fair Lending and Consumer Compliance Risk Assessments
  • Vendor Management Risk Assessments
  • Social Media Risk Assessment
Learn More

Advanced Vulnerability and Penetration Testing

Our vulnerability and penetration testing services provide a detailed analysis of your IT infrastructure, identifying security weaknesses and potential vulnerabilities. NETBankAudit employs a combination of NIST and FFIEC guidelines to ensure comprehensive testing.

  • External and Internal Network Vulnerability Assessments with Penetration Testing
  • Cyber-Scenario and Wireless Testing
  • Firewall, Router, and Server Configuration Audits
  • VPN Penetration Tests
  • Active Directory and Password Audits
  • Dark Web Search
  • Microsoft 365 & Azure Security Assessments
  • Google Workspace & Cloud Assessment
Learn More

Effective Social Engineering Testing for Banks and Credit Unions

NETBankAudit’s social engineering testing services simulate realistic attack scenarios, such as phishing and pre-text calling, to evaluate the security awareness of employees in financial institutions. These tests help identify vulnerabilities in human factors and improve overall security practices.

  • Conduct phishing email simulations.
  • Perform pretext calling tests to assess information security.
  • Execute unannounced on-site social engineering tests.
  • Evaluate the effectiveness of security awareness training.
  • Provide recommendations for improving employee vigilance.
Learn More

Our Value-add Management Consulting Strategy

Our consulting is specifically tailored to your requirements or conducted in an internal audit liaison capacity, often at no additional cost. We are very proud of our value-add strategy.  We add value primarily because every auditor is senior/executive level and has practical banking and/or regulatory experience in addition to certified auditing experience.  This allows our auditors better perspective as actual former practitioners and/or examiners.  All auditors have a true passion to help their clients.

Some of our recent consulting engagements included:

  • Policy, Procedure, Standard frameworks using NIST and CIS
  • Cybersecurity Controls Assessments
  • Business Continuity Planning / BIA and Incident Response
  • Project Management and System Conversions
  • Active Directory and Configuration Management
  • Vendor Management, Due Diligence, and Ongoing Monitoring
  • Examination Prep using URSIT
Learn More
OUR SERVICES

Outsourced Internal Audit & Risk Management Services

Outsourced Internal Audit Services

NETBankAudit offers comprehensive internal audit services, seamlessly integrating with existing programs to enhance security posture. Our FFIEC-aligned services extend your internal audit function, following IIA standards and employing the COBIT framework for wholistic assessments. With over 250 institutions under contract, we tailor our approach to each client's unique circumstances, needs, and budget constraints.

  • IT Audits: Evaluation of general IT controls, regulatory compliance, cybersecurity, core processing systems, networking technology
  • Operational Audits: Audit of key financial operations such as loans and deposits, branch administration, digital banking, wire transfer, ACH, and item processing
Learn More

Comprehensive Risk Assessment Services

NETBankAudit delivers tailored risk assessment services to institutions, identifying and evaluating potential risks across operational and regulatory domains. Utilizing industry frameworks such as NIST and FFIEC, we provide actionable insights to enhance risk mitigation strategies and ensure regulatory compliance. These risk assessments are often combined with audits and testing to increase effectiveness and efficiency.

  • Enterprise-wide Risk Management (ERM) assessment
  • Cybersecurity Controls Evaluation
  • Ransomware Assessment
  • IT and Operational Risk Assessments
  • Business Continuity Risk Assessment and Business Impact Assessment (BIA)
  • Vendor Management Risk Assessments
  • Social Media Risk Assessment
Learn More

Advanced Vulnerability and Penetration Testing

Our vulnerability and penetration testing services provide a detailed analysis of your IT infrastructure, identifying security weaknesses and potential vulnerabilities. NETBankAudit employs a combination of NIST and FFIEC guidelines to ensure comprehensive testing.

  • External and Internal Network Vulnerability Assessments with Penetration Testing
  • Cyber-Scenario and Wireless Testing
  • Firewall, Router, and Server Configuration Audits
  • VPN Penetration Tests
  • Active Directory and Password Audits
  • Dark Web Search
  • Microsoft 365 & Azure Security Assessments
  • Google Workspace & Cloud Assessment
Learn More

Effective Social Engineering Testing for Banks and Credit Unions

NETBankAudit’s social engineering testing services simulate realistic attack scenarios, such as phishing and pre-text calling, to evaluate the security awareness of employees in financial institutions. These tests help identify vulnerabilities in human factors and improve overall security practices.

  • Conduct phishing email simulations.
  • Perform pretext calling tests to assess information security.
  • Execute unannounced on-site social engineering tests.
  • Evaluate the effectiveness of security awareness training.
  • Provide recommendations for improving employee vigilance.
Learn More

Our Value-add Management Consulting Strategy

Our consulting is specifically tailored to your requirements or conducted in an internal audit liaison capacity, often at no additional cost. We are very proud of our value-add strategy.  We add value primarily because every auditor is senior/executive level and has practical banking and/or regulatory experience in addition to certified auditing experience.  This allows our auditors better perspective as actual former practitioners and/or examiners.  All auditors have a true passion to help their clients.

Some of our recent consulting engagements included:

  • Policy, Procedure, Standard frameworks using NIST and CIS
  • Cybersecurity Controls Assessments
  • Business Continuity Planning / BIA and Incident Response
  • Project Management and System Conversions
  • Active Directory and Configuration Management
  • Vendor Management, Due Diligence, and Ongoing Monitoring
  • Examination Prep using URSIT
Learn More

Value-Add Consulting
Leveraging Decades of Industry Experience

As your trusted partner for compliance and security, our audits include informed recommendations to improve.
Request For Proposal
How NETBankAudit Delivers Value-Add Consulting:

Our Value-Add approach to auditing and compliance provides tailored, actionable advice drawn from our experts' practical industry experiences.

  • Senior-level auditing team each bringing 10+ years of industry and regulatory experience.
  • Our team has broad expertise with certifications from CISA, CISSP, CISM, CRISC and more.
"NETBankAudit is more than just an audit firm. They take the time to truly understand your organization. By working as a partner they made recommendations that best fit our bank while helping us realize resources that were already at our disposal. The employees we work with are extremely knowledgeable and always available to assist"
Beth Worrell, EVP, Chief Risk Officer
Skyline National Bank
"We were very satisfied with the model validation of our Verafin System. The NETBankAudit team was great to work with, very professional and kept us in the loop throughout the engagement. We will definitely consider working with them again for the annual validation"
Ken Helmrich, CAMS, CFCS
Kearny Bank
"NETBankAudit provides us with top notch Information Security Professionals to allow us to continually improve our organizations security posture. Springs Valley is able to utilize them to stay abreast of the changing regulatory and cybersecurity landscape. It is great to have a reliable resource like them as a valued partner."
Craig Buse, CLO, COO
Springs Valley Bank & Trust Company
"NETBankAudit has been a very reliable and knowledgeable firm for our outsourced IT audit services. Their understanding of not only the IT audit environment but also regulatory and examiner expectations has greatly benefited our organization.  I would highly recommend them to financial institutions looking to outsource or currently looking for an alternate provider."
James R. Edmondson, CCBIA-VP
First Bank & Trust Company
OUR ASSOCIATES

Our Experienced Auditing Team

20+ Years of Serving Clients Across the United States

For over 20 years, NETBankAudit has been a reliable partner to financial institutions across the United States, providing specialized IT and cybersecurity audits, risk assessments, and compliance solutions. Catering to a diverse clientele ranging from small community banks to large credit unions, the firm has served over 800 organizations in 38+ states. Our commitment to quality, focus, and expertise has been unwavering.

ABOUT US

Mitigate Risks with Comprehensive Audits & Assessments

Request For Proposal
“We appreciate working with professionals respected in the financial services community for their individual expertise and attention to detail”
Teresa Wetly
SVP Internal Audit Manager @ Capital Bank

FAQs

Our goal is to equip institutions with the knowledge needed to make informed decisions, strengthening your compliance, security, and operational efficiency.

How can financial institutions avoid regulatory criticism relating to their AML Monitoring systems?

Transaction monitoring systems are sometimes inadequately calibrated, resulting in too many false positives. This may impair the detection of potentially suspicious activity. Also, if a system is generating too few alerts, unusual activity may be undetected. A regularly scheduled review by an independent party and thorough analysis of filters and settings can ensure the transaction monitoring system is effective and performing as designed.

What are change management best practices in a cloud environment?

Change management in cloud environments offers unique challenges over on-premises technology environments due to the underlying cloud platform changes. Organizations need to have a solid understanding of what aspects of the cloud environments are being used and a current inventory should be maintained. Monitoring notifications and alerts on changes from the cloud provider should be performed and assessed if the changes will impact the organization's services. When impactful changes are identified technical staff should communicate these to the end users and perform training as needed. Traditional change management procedures should also be performed such as documenting user access changes, obtaining authorization for adding new services, and routine review of services and removing inactive assets.

What services does NETBankAudit offer?

NETBankAudit is a specializes in cybersecurity and regulatory compliance. We offer audits, testing, and consulting services. We perform over 250 IT/Operations and Regulatory Compliance Audits per year. We perform over 700 external and internal network vulnerability assessments with penetration testing per year. Our consulting primarily consists of risk assessment facilitation, model validations, program development, and Project Management/SDLC oversight.

How long has NETBankAudit been in business?

NETBankAudit was formed in 2000 by a team of IT bank executives and regulatory specialists. Convinced that advancements in information technology would significantly affect the future of banking, particularly in the movement of money and data through electronic channels, the team resolved to help bankers adjust to this changing environment. Since then, we have expanded to service over 800 institutions across 38 states.

Can NETBankAudit provide remote audit and consulting services?

Yes, NETBankAudit has been a virtual company since inception. We provided our first fully remote IT General Controls Audit in 2017 and validated our processes through the COVID Pandemic. Our remote audits are approved by all regulatory authorities.

What is Value-Add Management Consulting?

NETBankAudit provides a value-add approach to our audit process to serve as a true audit partner. Every auditor on our team has senior/executive level banking, operational, and/or regulatory experience in addition to certified auditing expertise. This provides our auditors with an informed perspective to prioritize recommendations to increase effectiveness, efficiency, and compliance.