FFIEC Releases Initial Results from CyberSecurity Assessments!
Observations from over 500 financial institutions . . .
During the summer of 2014, FFIEC members piloted a cybersecurity assessment at more than 500 community institutions to evaluate the institutions’ preparedness to mitigate cybersecurity risks.
The assessment supplemented regularly scheduled exams and built upon key supervisory expectations contained within existing FFIEC information technology handbooks and other regulatory guidance. The “FFIEC Cybersecurity Assessment General Observations,” released today, provides themes from the assessment and suggests questions that chief executive officers and boards of directors may consider when assessing their institutions’ cybersecurity preparedness.
The observations are located here. The five page document is a good quick read if you’re wanting to know what your examiners might be asking about when they return.
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