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Modulo Launches New Feature Package Aligned with Shared Assessments 3.0 at Financial Services Outsourcing Conference

October 30, 2007-New York, NY- Modulo, a market leader in the information security industry, announced today the impending availability of new feature enhancements for their IT governance, risk and compliance management software Modulo Risk Manager™. Modulo Risk Manager helps organizations streamline and automate processes required for in-depth risk assessment and compliance projects. The product’s new feature package for version 3.0 of the Shared Assessments Program will be introduced at the BITS/American Banker Financial Services Outsourcing Conference Presented with The Santa Fe Group being held November 5-6 in Miami. The conference will include discussions of automating the vendor risk assessment process. Modulo executives will be on hand to discuss the benefits of their solution, which integrates the Shared Assessments Program standards.

Financial institutions are required to ensure the safety and security of the sensitive and confidential information they hold. To meet industry best practices and regulatory mandates, institutions must have auditable risk management processes and security measures in place. The Financial Institution Shared Assessments Program was developed to streamline the security assessment process while raising the bar on security in the industry.

Modulo Risk Manager’s new feature is aligned with new Shared Assessments Program 3.0 standards, released to the industry on 10/29. This new feature further streamlines the compliance and risk management process for clients. “Information provided can be used for reducing the time and manpower required for risk assessment and compliance processes, resulting in lower costs to the organization and more efficient and reliable processes for reducing risks,” said Charles Warhaftig, director of Modulo USA. “Modulo Risk Manager can help companies overcome these challenges by offering a consistent process for evaluating risk and efficiently maintaining and updating vital information.”

“We commend Modulo Security for its continuing support of the Shared Assessments Program and our industry by incorporating the new version 3.0 standards into its products,” said Catherine A. Allen, Chairman and CEO of The Santa Fe Group. The Santa Fe Group manages the Shared Assessments Program as a preferred provider to BITS.
Advantages of using Modulo Risk Manager:

- Inventory your vendors and map their risk to each business process supported by them;
- Risk Assessment approach over SIG V3 question, identifying a risk rating associated to each GAP;
- Import from existing SIG V3 excel spreadsheets;
- Collect SIG V3 information using Web interviews;
- Export questions collected over the web in SIG V3 template;
- Several reports
           Risk scorecard
            Vendor by location (Google earth),
Vendors business process ( Governance Map)
            Gaps ranked by risk

Modulo will be exhibiting at the BITS/American Banker Financial Services Outsourcing Conference Presented with The Santa Fe Group at Doral Golf Resort & Spa - Miami, FL, on November 5-6. Hall location: Legends 3&4.

ABOUT MODULO
Modulo is Latin America’s market leader for IT governance, risk and compliance management. Founded in 1985 and employing 300 employees worldwide, Modulo Security recently expanded operations and partnership outreach to the United States, with its office headquarters in New York. Modulo’s Risk Manager Software provides organizations with the tools they need to automate the processes required for assessing and eliminating security vulnerabilities and attaining regulatory compliance. For more information on Modulo and Risk Manager, visit www.modulo.com

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