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TRAC GRC Solution
 

Frustration-Free Risk Management

Simplify cybersecurity risk management and tackle your cybersecurity challenges with ease. TRAC is a powerful GRC tool that automates the tedious risk assessment process and delivers customized results aligned with regulations, best practices, and your strategic goals.

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Why Choose SBS?

IT Audit Services

An external IT audit is a critical requirement for regulated organizations and a foundational control for a strong cybersecurity program. SBS CyberSecurity provides independent external IT audit services that evaluate the adequacy, effectiveness, and compliance of your information technology controls as approved by your board of directors.

Our audits are designed to meet regulatory expectations, support examiner reviews, and deliver clear, actionable insights that help organizations reduce risk.

Trusted by Hundreds of Banks and Credit Unions

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What Is an External IT Audit?

An external IT audit is an independent evaluation of an organization’s information security program (ISP), IT governance, and supporting controls as of the audit date. The audit assesses whether controls are appropriately designed, implemented, and operating effectively based on regulatory guidance, industry standards, and leading practices.

Unlike a cybersecurity risk assessment, an IT audit formally tests control adequacy and compliance, making it a required component for many financial institutions and regulated entities.

External IT Audit Services by SBS CyberSecurity

Our Audit Approach

Supported by 20+ years of experience, SBS CyberSecurity's External IT Audit approach is risk‑based, regulator‑informed, and tailored to your organization. This approach allows us to test both control and policy adequacy while aligning directly with examiner expectations. Our methodology is based on relevant guidance, as applicable, from:
FFIEC IT Examination Handbook
FDIC Interagency Guidance and Financial Institution Letters (FILs)
Information Technology Risk Examination (InTREx)
Gramm‑Leach‑Bliley Act (GLBA)
National Institute of Standards and Technology (NIST)
Center for Internet Security (CIS)

Risk‑Focused and Tailored to Your Organization

To ensure the highest-risk areas of your organization receive the attention they deserve, our auditors begin by reviewing your ISP and related policies, internal IT and cybersecurity risk assessments, prior audit and examination findings, monitoring and management reports, applicable regulatory requirements, and supporting documentation gathered through a structured request process. We also use a detailed questionnaire to better understand your products and services, vendor and third-party relationships, internal capabilities, and resource constraints. This foundation is strengthened by incorporating current regulatory and threat areas informed by real-world events and breaches, as well as interviews with key stakeholders to identify where you see the greatest risk. The result is an audit that is practical, relevant, and tailored to your organization's unique risk profile.

External IT Audit Scope

SBS's External IT Audit provides a comprehensive review of the key domains that shape your organization's technology, cybersecurity, and risk management posture. The areas below reflect the breadth of our audit scope and the controls, processes, and oversight activities we evaluate.

Governance

Management oversight

Roles and responsibilities

IT strategic planning

Policies and procedures

Reporting to management and the board

Training and security culture

Risk Management

IT risk assessment

Cybersecurity assessment

Ransomware risk assessment

Asset Management

Asset inventory

Network and data flow diagrams

Patch management

Change management

Asset disposal

Vendor Management

Vendor risk assessments

Vendor selection and ongoing management

Cloud service oversight

Third‑party and API risk management

Emergency Preparedness

Disaster recovery program

Incident response planning

Pandemic preparedness

Backup and recovery

Audit and Oversight

Audit committee oversight

Audit program structure

Technology audit processes

Network Cybersecurity

Authentication and access controls

User access management

Remote access and BYOD

Logging and monitoring

System and attack protection

Physical security

Encryption

Wireless networks

Virtualization oversight

Electronic Banking and Digital Services

Internet banking

Commercial banking platforms

Mobile banking

Website security

Remote deposit capture oversight

FedLine Advantage controls

Wire transfer controls

Identity Theft Red Flags Program

Policy and program oversight

Risk assessment

Annual reporting to the board

Artificial Intelligence (AI)

AI governance and oversight

AI risk management

ATM and Debit Card Operations

ATM oversight and management

Instant issue programs

Debit card management

What You Receive

Every SBS External IT Audit engagement includes:

  • An independent, examiner‑ready audit report
  • Clearly documented findings aligned to regulatory guidance
  • Risk‑ranked observations and recommendations
  • Practical remediation guidance
  • Executive‑level and board‑ready reporting
What You Get With an External IT Audit

Strengthen IT Audit Outcomes with TRAC GRC

The TRAC GRC risk management platform can help you extend the value of your IT audit by turning findings into more consistent oversight, documentation, and risk management practices. Internal Audit Management, IT Asset Management, and Vendor Management modules support a more efficient and sustainable approach to ongoing compliance and control management.
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TRAC GRC Software complements your It Audit Perfectly

Why Choose SBS CyberSecurity for IT Audits?

Our passion is to guide and protect. Our objective is to be your trusted cybersecurity ally. It's in our nature to do more than merely provide a service — we aim to empower your team to make smarter, safer decisions. Our philosophy is built around three pillars that set us apart:

Cyber Advocates
Our experts don’t just speak tech — they translate it. We break down complex security concepts into clear, actionable guidance so your team feels confident and informed.
Proactive Approach
Our proprietary Information Security Program (ISP) Blueprint helps you shift from reactive compliance to proactive, strategic cybersecurity management.
Personalized Partnership
We listen first, then tailor solutions to your unique challenges. With SBS, you gain a trusted partner committed to your long-term success.

Face Your Upcoming Audit with Confidence

Choosing the right IT audit partner means choosing a team that understands both compliance expectations and real-world cybersecurity risk. We deliver focused assessments, meaningful guidance, and results that help your organization move forward with clarity.