OSPAR Implementation and Certification in AWS

Financial institutions rely heavily on Outsourced Service Providers (OSPs) to assist with key business objectives. As financial institutions are ultimately responsible for the service provided to their customers, OSPs must comply with the standards and controls accepted within the financial industry. The Association of Banks in Singapore has established the Guidelines on Control Objectives and Procedures for all OSPs desiring to work with the numerous financial institutions in Singapore. Without an OSPAR attestation, your organization will not be able to provide services to the rapidly growing number of financial institutions in Singapore.

Digital Edge ensures that an OSPAR attestation is good proof that your organization has implemented adequate cybersecurity safeguards to maintain the governance and consistency required by financial institutions. With OSPAR, your company is ready to conduct business that guarantees the security of your client’s critical information.

Digital Edge provides consulting services to companies of all sizes and regions to fully prepare them for the OSPAR audit. Our fully integrated legal and cybersecurity experts collaborate with your internal team to prepare you for any auditor. To date, we have advised numerous companies of varying industry verticals that have all obtained their certificates. Digital Edge has created a SaaS GRC software product that makes preparation, audit, and maintenance seamless while also being user-friendly. The CyberRegulator, also available in the AWS Marketplace, helps clients with OSPAR and all other cyber compliance frameworks through data organization, controls, risks, mitigants, and more. Some auditors have begun to use it to perform OSPAR audits, and it provides reminders and education to clients to create one central repository.