FFIEC Cybersecurity Assessments Begin

From: BankInfoSecurity

500 Community Institutions to Be Examined in Pilot

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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.

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