Federal Financial Institutions Examination Council will review and update guidance to help banking institutions address changing cyber-risks. Financial infrastructure’s interconnectedness and reliance on Internet-based systems and servers has opened the door for new cyberthreats. Financial fraud expert: “Hopefully, these findings will help to raise the bar for the industry” FFIEC recommends all U.S. banks and credit unions get involved in information-sharing forums, such as the Financial Services Information Sharing and Analysis Center, to ensure they are identifying, responding to and mitigating cybersecurity threats and vulnerabilities.”]
Source: https://www.cuinfosecurity.com/ffiec-to-update-cybersecurity-guidance-a-7523