Compliance glossary
Definition

Vulnerability Assessment

Automated scanning of systems to identify known software vulnerabilities, misconfigurations, and missing patches.

What it means.

A vulnerability assessment is an automated scan of your systems against known vulnerability databases (CVE) and configuration baselines to identify unpatched software, weak settings, exposed services, and known exploitable conditions. The FTC Safeguards Rule requires vulnerability assessments at least every six months for firms not running continuous monitoring (16 CFR 314.4(d)(2)). Unlike penetration testing, vulnerability assessments do not attempt to exploit findings; they catalog them for remediation.

Why it matters for CPA firms.

Vulnerability assessments are far cheaper than pen tests and catch the most common attack vectors: unpatched operating systems, outdated browsers, legacy services left running. They produce evidence that you are looking. For firms above 5,000 records, semi-annual scans are not optional. For smaller firms, they are still a fast way to demonstrate diligence to insurers and auditors.

Relevant regulations.

  • 16 CFR 314.4(d)(2)
  • NIST SP 800-53 RA-5

How Kompflow helps.

The 58-Control Register module handles this for your firm, personalized to your software, team size, and state requirements.

See plans and pricing

Related terms.

Ready when you are

Pick where to start.

Buy the WISP yourself if you need the document.
Talk to us if you want the platform.

30-day money-back on Kompflow WISPCancel anytimeNo setup fees on any tier

We use cookies to measure site performance and improve your experience. No data is sold to third parties. Privacy Policy