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Cybersecurity to Gain New Prominence in Bank Exams

Posted on 11/13/2015

Bank regulators are planning to make cybersecurity a higher priority during bank exams as early as the second quarter of next year. The FDIC is planning to rework its community bank program to break cybersecurity out as its own separate issue in examination comments.

The move follows the release of a cybersecurity assessment tool that was published by the Federal Financial Institutions Examination Council earlier this year. The tool maps to the National Institute of Standards and Technology's cybersecurity framework and helps guide banks as they assess their cybersecurity defenses. It is voluntary, but examiners will be using it in the field when assessing banks.

To read more visit: http://www.americanbanker.com/news/law-regulation/cybersecurity-to-gain-new-prominence-in-bank-exams-1077811-1.html



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