Conduct Quarterly Privileged Access Reviews for Financial Services & Banking
How financial services & banking organizations should implement GOV-03 for Microsoft 365 security and compliance.
For financial services & banking companies using Microsoft 365, conduct quarterly privileged access reviews is a security priority. This guide explains how GOV-03 helps financial services & banking organizations protect their identity infrastructure while meeting industry-specific compliance mandates.
Why Financial Services & Banking Organizations Need This Control
Financial Services & Banking organizations face specific regulatory requirements including soc2, pci-dss, nist-800-53, iso27001. The GOV-03 control helps address these requirements by:
- Access reviews for all privileged roles are scheduled quarterly
- Self-attestation is disabled for Global Admin and other high-privilege roles
- Unreviewed access is automatically removed after 30 days
Over time, users accumulate privileges they no longer need. Access reviews force managers to justify each privileged assignment, preventing privilege creep and reducing risk from over-entitled accounts.
Industry-Specific Considerations
When implementing GOV-03 in a financial services & banking environment, consider:
- **Regulatory requirements**: soc2, pci-dss, nist-800-53 may mandate specific configurations
- **Risk tolerance**: Financial Services & Banking organizations typically have moderate to low risk tolerance
- **Audit frequency**: Plan for regular compliance reviews
- **Documentation**: Maintain detailed records for regulatory inspections
How to Configure
GOV-03 requires the following configuration:
- Access reviews for all privileged roles are scheduled quarterly
- Self-attestation is disabled for Global Admin and other high-privilege roles
- Unreviewed access is automatically removed after 30 days
Requires Entra ID Governance access review configuration
Follow the steps above in your Microsoft Entra admin center to enable this control.
Financial Services Compliance Requirements
Financial Services organizations must comply with these frameworks, all of which address conduct quarterly privileged access reviews:
Why This Control Matters for Financial Services
Over time, users accumulate privileges they no longer need. Access reviews force managers to justify each privileged assignment, preventing privilege creep and reducing risk from over-entitled accounts.
Common threats in financial services & banking:
- • Account takeover attacks
- • Insider trading through unauthorized access
- • Wire fraud via business email compromise
For financial services & banking organizations, GOV-03 is a key component of a compliant Microsoft 365 security posture. TrueConfig helps you implement and maintain this control while meeting industry-specific requirements.
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