WCK announced today that it is now the leading GRC (Governance, Risk and Compliance) solution vendor for improving the IT and cyber security risk management at Israeli banks.
Four out of the five largest banks of Israel, which together control approximately 90% of Israel’s banking activities, have chosen WCK as their strategic software platform for their IT risk assessments and remediation. The five largest banks of Israel – Bank Leumi, Bank Hapolaim, Discount Bank, First International Bank of Israel and Mizrahi-Tfahot Bank are multinational banks with thousands of branches and offices in Israel, the United States, the U.K., Switzerland and South America.
Banks in Israel and elsewhere struggle to reduce their exposure to the exponential growth in cyber threats, while at the same time providing new online customers offerings and mobile banking services. In response to this increase in cyber-attacks, the banks generate tens of thousands of findings from compliance-driven audits and reviews, penetration-test, automated network and application scanners.
The banks who have implemented the WCK software are able, thanks to WCK’s unique asset based approach, to correlate and aggregate the cyber risks from multiple sources and easily create an organizational risk treatment plan and workflow to manage their ongoing security improvement and mitigation tasks.
“We are proud to have become the software vendor of choice for improving risk management and risk treatment in the Israeli banking sector,” said Eyal Adar, WCK’s Founder and CEO. “We achieved this milestone because WCK was designed to be easy to implement and easy to use. Unlike other GRC tools that require a long implementation cycle, WCK is ready-to-go software with minimal configuration requirements. Our incremental approach to risk management is to ‘think big –start small” approach, which allows organizations to see results within weeks instead of multiple months or even years.
WCK develops and markets bSRM, a business-driven, risk management and compliance software solution for IT, cyber security and critical infrastructure protection. For more information visit www.wck-grc.com.