FFIEC Launches Cybersecurity Resources Web Page

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On June 24, the FFIEC unveiled a new web page that will serve as a central repository for current and future FFIEC-related materials on cybersecurity. Although the FFIEC did not release any new resources, the launch shows the continuing focus of banking regulators on emerging cybersecurity risks. The FFIEC noted that the launch coincided with a pilot program through which state and federal regulators will assess how community financial institutions manage cybersecurity and their preparedness to mitigate increasing cyber risks. Regulators are particularly focusing on risk management and oversight, threat intelligence and collaboration, cybersecurity controls, service provider and vendor risk management, and cyber incident management and resilience.

 

Topics:  Banking Sector, Banks, Cybersecurity, FFIEC, Risk Mitigation, Websites

Published In: General Business Updates, Finance & Banking Updates, Privacy Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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