Managed Security Service Providers Policy

$150.00

This Managed Security Service Providers Policy Template addresses 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”).  See more information about this product below.  In addition, we recommend adding a Product Update Protection Plan to your shopping cart to ensure you automatically receive an updated version of this policy template every time it is revised by us via e-mail within one year from the date of purchase.

Managed Security Service Providers Policy

This Managed Security Service Providers Policy Template addresses 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.

Recent updates to this product:
07/03/23 Update
Joint Press Release – Agencies Issue Final Guidance on Third-Party Risk Management

This Managed Security Service Providers Policy Template (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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