Project 005

Project:	Developed Internet Banking Risk Assessment Toolkit
Client:	Target Client: All Federally Regulated Financial Institutions in the United States
Benefit:	In the banking industry, there was much confusion about what regulators really wanted from the FFIEC mandated risk assessment and with how to comply with those requirements. The Toolkit provides a clear methodology and application to help perform the risk assessment and document an institutions efforts. Institutions using the Toolkit saved time, effort, and resources by using the Toolkit's methodology instead of hiring a consultant to perform the assessment or developing a methodology of their own for the risk assessment. The return on investment from using the Toolkit is at least 5:1 to 20:1 based on assessments I've performed.

Highlights
	All Federally regulated financial institutions must perform a risk assessment on their Internet banking products and services to identify "high-risk" transactions The FFIEC mandates that "high-risk" transactions be secured with more than a username / password by year end 2006 There were no qualitative risk assessment tools on the market that addressed this niche Developed a qualitative risk assessment methodology focused upon the specifics of the Internet banking environment Authored the CC Pace Online Banking Risk Assessment Toolkit with the Banking Practice team at CC Pace Lectured widely in 2006 to educate the banking community of the new requirements and time table mandated by Federal regulators

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