FFIEC Cybersecurity Assessments Begin

[InfoSec News <alerts () infosecnews org>]

http://www.bankinfosecurity.com/ffiec-cybersecurity-assessments-begin-a-6988

By Jeffrey Roman
Bank Info Security
June 24, 2014

The Federal Financial Institutions Examination Council has started its 
cybersecurity assessment pilot program, which will examine more than 500 
community banking institutions. Plus, the council has launched a Web page 
dedicated to cybersecurity information.

The pilot program is slated to run through July, says Stephanie Collins, 
spokesperson for the Office of the Comptroller of the Currency.

The aim of the pilot program is to help smaller banking institutions 
address potential security gaps. The assessments will be conducted by 
state and federal regulators during regularly scheduled examinations, the 
FFIEC says.

"Information from the pilot effort will assist regulators in assessing how 
community financial institutions manage cybersecurity and their 
preparedness to mitigate increasing cyber risks," the council says.

[...]



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