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FFIEC releases cybersecurity assessment observations

The Federal Financial Institutions Examination Council (FFIEC) has published observations from the recent cybersecurity assessment and has recommended regulated financial institutions participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC).

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’ report provides themes from the assessment and suggests questions that chief executive officers and boards of directors may consider when assessing their institutions’ cybersecurity preparedness.

Read more:

•Date: 10th November 2014 • US •Type: Article • Topic: ISM


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