banking industry research, including quarterly banking The https:// ensures that you are connecting to Cybersecurity Assessment Tool Summary: The FDIC, in coordination with the other members of the Federal Financial Institutions Examination Council (FFIEC), is issuing the FFIEC Cybersecurity Assessment Tool to help institutions identify their cybersecurity risks and determine their preparedness. Marisol Garibay CFPB The FDIC, in coordination with the other members of the Federal Financial Institutions Examination Council (FFIEC), is issuing the FFIEC Cybersecurity Assessment Tool to help institutions identify their cybersecurity risks and determine their preparedness. Federal government websites often end in .gov or .mil. Keep up with FDIC announcements, read speeches and documentation of laws and regulations, information on profiles, working papers, and state banking performance An official website of the United States government. Issue debit and/or In June 2015, the Federal Financial Institutions Examination Council (FFIEC) published a Cybersecurity Assessment Tool (CAT) to help financial institutions identify and evaluate their cybersecurity risk awareness and readiness; click here to view their web page describing this tool. Browse our extensive research tools and reports. The FFIEC published the Cybersecurity Assessment Tool in June of 2015 as a voluntary tool to help financial institutions' management identify risk and determine their cybersecurity preparedness. The CAT provides a repeatable and measurable process that financial institutions may use to measure their cybersecurity preparedness over time. Also available is a mapping of the Cybersecurity Assessment Tool to the Cybersecurity Framework issued by the National Institute for Standards and Technology and a mapping of the Baseline Statements of the Cybersecurity Assessment Tool to the FFIEC Information Technology Handbook. The assessment tool incorporates cybersecurity-related principles from the FFIEC Information Technology (IT) Examination Handbook and the National Institute of Standards and Technology (NIST) Cybersecurity Framework, as well as industry- accepted cybersecurity practices. FFIEC Cybersecurity Assessment Tool Inherent Risk Profile May 2017 14 Category: Online/Mobile Products and Technology Services Risk Levels Least Minimal Moderate Significant Most Issue debit or credit cards . Browse our ... FDIC (202) 898-6895. Use of the tool is voluntary. In June of this year, the Federal Financial Institutions Examination Council (FFIEC) released its Cybersecurity Self Assessment Tool (CAT) to help institutions determine their risks and evaluate their preparedness. On June 30, 2015 the FFIEC released the FFIEC Cybersecurity Assessment Tool to enable regulated financial institutions to assess their cybersecurity readiness. The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released a Cybersecurity Assessment Tool (Assessment) to help institutions identify their risks and assess their cybersecurity preparedness. The Cybersecurity Assessment Tool has been developed by the FFIEC members in response to requests from the industry for assistance in determining preparedness for cyber threats. Statement of Applicability to Institutions with Less than $1 Billion in Total Assets: This Financial Institution Letter (FIL) is applicable to all FDIC-supervised institutions. Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200). The Information Technology Examination Handbook InfoBase concept was developed by the Task Force on Examiner Education to provide field examiners in financial institution regulatory agencies with a quick source of introductory training and basic information.  The CAT provides a repeatable and measurable process that financial institutions may use to measure their cybersecurity preparedness over time. Regulators may also review the completed assessment during their examination. The FFIEC Cybersecurity Assessment Tool (CAT) is a diagnostic test that helps institutions identify their risk level and determine the maturity of their cybersecurity programs. The .gov means it’s official. stability and public confidence in the nation’s financial The Cybersecurity Assessment Tool and a variety of supporting resources, including an executive overview, user's guide and instructional presentation, are available on the Cybersecurity Awareness page of the. FDIC examiners will discuss the Cybersecurity Assessment Tool with institution management during examinations to ensure awareness and assist with answers to any questions. Both provide extreme value to an institution when used properly. FDIC Named Receiver for Almena State Bank, The Importance of Community Banks in Paycheck Protection Program Lending, FDIC Podcast: Community Banks and the Paycheck Protection Program, https://fdicsurveys.co1.qualtrics.com/jfe/form/SV_4JgpIWXWB9Gjps1, https://www.ffiec.gov/press/PDF/FFIECCyberSecurityBrochure.pdf, https://www.ffiec.gov/press/PDF/FFIEC_Cybersecurity_Assessment_Observations.pdf, https://fdic.gov/news/news/financial/2015/, https://www.fdic.gov/about/subscriptions/fil.html. Before The FFIEC Cybersecurity Awareness page includes resources from the Federal Financial Institutions Examination Council (FFIEC) to help the management and directors of financial institutions understand supervisory expectations, increase awareness of cybersecurity risks, and assess and mitigate the risks facing their institution. 2. FFIEC Cybersecurity Assessment General Observations, Marlene Roberts, Senior Examination Specialist, at. The https:// ensures that you are connecting to Cybersecurity is an area of growing concern for financial institutions, especially in the face of recent high-profile data breaches. The site is secure. (FFIEC) developed the Cybersecurity Assessment Tool (Assessment), on behalf of its members, to help institutions identify their risks and determine their cybersecurity maturity. The Cybersecurity Assessment Tool has been developed by the FFIEC members in response to requests from the industry for assistance in determining preparedness for cyber threats. Cybersecurity Assessment Tool In light of the increasing volume and sophistication of cyber threats, the Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool (Assessment) to help institutions identify their risks and determine their cybersecurity preparedness. collection of financial education materials, data tools, To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html. And measurable process that financial institutions Examination Council ( FFIEC ) issued a Frequently Asked questions guide to. Both provide extreme value to an institution when used properly to use CAT. An institution when used properly Self-Assessment Tool: FFIEC issued the Self-Assessment Tool in June 2015 history career... 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