Regulators Planning Cybersecurity Assessments for Banks

From: threatpost

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A government agency in charge of developing standards for the nation’s banks announced last week that it will work harder to try to identify vulnerabilities in smaller community banks and that it’s planning to better raise awareness when it comes to cyber threats.

The Federal Financial Institutions Examination Council (FFIEC), a group responsible for developing banking standards and principles, announced its plans last week during a webinar for 5,000 bank CEOs and managers.

In the talk, called “What Today’s CEO Needs To Know About the Threats They Don’t See,” (.PDF) the group stressed it needs to build a “security culture” in order to identify, measure, mitigate and monitor risks in their industry.

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