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FFIEC to Prepare New Cyber-Risk Policy

Federal Financial Institutions Examination Council plans to take several additional steps to help banking institutions enhance their cybersecurity risk preparedness. FFIEC will issue a self-assessment tool this year to assist institutions in evaluating their inherent cybersecurity risk and their risk management capabilities. The council also revealed six other key steps: Collaboration with Law Enforcement and Intelligence Agencies to share information on the growing cybersecurity threats and response techniques. These announcements come just one month after the council issued new business continuity guidelines related to cyber-resilience.”]

Source: https://www.cuinfosecurity.com/ffiec-to-prepare-new-cyber-risk-policy-a-8030

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