Strengthen
FCA Compliance
BugZero automates, simplifies, and reduces the cost of meeting FCA obligations by tracking and linking vendor flaws directly to your firm's critical services and impact tolerances
"Authorised financial services firms must manage risks in software and applications through an established risk framework, process and procedures, regardless of whether they are caused by security or non-security known or unknown bugs..."
UK Financial Conduct Authority
What does
FCA require?
FCA rules require financial institutions to maintain real-time visibility into third-party ITC risks, mitigate operational risks from flaws, and ensure timely accurate notification of disruptions.
Where do today's
solutions fall short?
Most of today's tools focus only on CVEs while operational bugs from third-party vendors go untracked and unaddressed, leaving organizations unnecessarily exposed.
What is the impact
of non-compliance?
Organizations are accountable for all operational incidents — even when caused by vendors. Failure to demonstrate proactive risk management can trigger fines and lasting reputational damage.
BugZero reduces FCA exposure
BugZero consolidates and evaluates vendor reported operational bugs, ignored by vulnerability management tools, to proactively address risks before they cause an outage and a reportable incident.
Consolidate scattered vendor bug data
Filter reports to find relevant risks to your environment
Enrich data with proprietary risk scoring and AI features tied to FCA expectations
Prioritize risks and prevent operational incidents while logging reports for review
Simplify compliance protocols with
features aligned with FCA requirements
BugZero enables your team to more easily identify and mitigate third-party risks that could impact network availability, performance, or functionality
Identify your critical
business services
BugZero simplifies identification by consolidating vendor-reported operational bugs into one resource
FCA requirement:
SYSC 15A.4.2G requires firms to understand vulnerabilities in third-party services, whether security-related or not. Firms must work closely with vendors to mitigate risks.
Customize impact tolerances
based on your environment
BugZero filters identified defects with impact scoring tied to FCA operational resilience expectations
FCA requirement:
SYSC 15A.5.5G stresses scenario testing, which includes assessing dependencies on third-party software to prevent disruptions from software flaws.
Ensure resilience against
vendor disruptions
BugZero automatically logs evidence trails for future audits and regulatory reviews
FCA requirement:
Guidance on Outsourcing to the Cloud and Third-Party IT Services (FG16/5) emphasizes ongoing risk assessment, change management, and continuous oversight of third-party software providers to prevent service interruptions.
IT Service Manager
Fortune 500 Financial Services Firm