Federal Financial Institutions Examination Council is taking a preliminary step that could lead to refinements of the Cybersecurity Assessment Tool. The FFIEC recently reopened its comment period for the tool, which was issued in July. Critics of the tool claim it doesn’t meet banking institutions’ cybersecurity needs and are hopeful it will be refined soon. The ICBA: “We all agree that cybersecurity is a focus for all financial institutions. But I think the tool needs improvement” New York, Texas, Massachusetts and Maine have mandated use of the cyber-risk assessment tool.”]
Source: https://www.databreachtoday.com/will-ffiec-revamp-cyber-assessment-tool-a-8800