What have banks been saying about the LexAlign Security Module?

It’s still early days but the response so far from users, test users, and other institutions has been positive.  One of our test users (a bank customer) said in connection with an earlier version of our current Security Diagnostic, “Just going through the questions is opening my eyes to things we need to think about.” A business owner said, “This is great. It’s going to save me money because I don’t need to hire an IT security expert to do an assessment.” An IT manager said, “I’ve been trying to get management to focus on security, and the audit report helps me do that.”

Nacha also said that our Security Diagnostic would satisfy the security audit requirements for the annual ACH audits, so it satisfies two sets of requirements.  In general, the LexAlign Security Diagnostic enables customers to do a self-assessment against what the Federal Trade Commission recommends as appropriate and prudent practices.  Financial regulators defer to the FTC for guidance on business security to address the extraordinary risk of fraud that targets them.  By using the Security Diagnostic you’re helping customers align their operations with the FTC’s authoritative guidance.