Accounting Firms

BKD Cyber launches new FedLine assessment services 

It comes as Federal Reserve Banks are set to implement a Security and Resiliency Assurance Program due to the ‘evolving security threat landscape’

BKD Cyber has announced a new service that can reportedly help financial institutions comply with FedLine assessment requirements.

It comes as Federal Reserve Banks are set to implement a Security and Resiliency Assurance Program due to the “evolving security threat landscape”. 

As part of this new program, institutions and service providers that use FedLine Solutions must conduct an assessment of their compliance with the Federal Reserve Banks’ FedLine security requirements and submit an attestation that they have completed the assessment.

The cyber arm of the accountancy firm has acquired the FedLine Solutions Security and Resilience Assurance Program, FedLine Advantage Security and Control Procedures (v1.0) and FedLine Web Security and Control Procedures (v1.0) to assist financial institutions in evaluating stated controls and providing a final report for the End User Authorization Contacts (EUAC) to complete their year-end attestation requirement.

Senior managing consultant at BKD, Jeff Pauls, said: “I’m excited that BKD Cyber can now support clients with FedLine Assessment Services.

“We already have multiple clients requesting help to complete their assessment, and our team is looking forward to assisting financial institutions to develop a remediation plan to address deficiencies and stay compliant with the Federal Reserve’s new regulations.”

BKD Cyber offers a range of cybersecurity services, including advisory and training services, proactive control testing and security assessments, regulatory and privacy compliance and incident preparation/response planning.

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