Managed Security Service Providers Policy
The purpose of this Managed Security Service Providers Policy Template is to address measures implemented by a bank, credit union, fintech company, or other type of financial institution that partially or completely outsource the security management function to third parties (Managed Security Service Providers “MSSPs”).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Types of Managed Security Services – Topic 3
- Types of Service Arrangements – Topic 4
- The Risk Assessment and Management Process – Topic 5
- Request for Information and Request for Proposal – Topic 6
- Initial Due Diligence – Topic 7
- Contracts – Topic 8
- Ongoing Oversight and Monitoring – Topic 9
- Contingency and Event Planning – Topic 10
- Cloud Computing – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documentation – Topic 14
NOTE: This product is intended to be a supplement to a financial institution’s vendor management policy. For a complete solution, please refer to our Vendor Management Program Policy Template which contains the full text of this template in addition to other related regulatory guidance.
This Managed Security Service Providers Policy Template (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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