Cybersecurity Self-Assessment Tool: FFIEC issued the self-assessment tool in June 2015. 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. The .gov means it’s official. sharing sensitive information, make sure you’re on a federal 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 . independent agency created by the Congress to maintain Cybersecurity Solutions Integrity provides solutions for baseline, evolving, intermediate, advanced, and innovative threats outlined in the Cybersecurity Assessment Tool (CAT). Institutions may choose from a variety of standardized tools aligned with industry standards and best practices to assess their cybersecurity preparedness. FDIC “Use of the Cybersecurity Assessment Tool is voluntary. June 30, 2015 - Press Release: The FFIEC today released a Cybersecurity Assessment Tool to help institutions identify their risks and assess their cybersecurity preparedness. 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, FFIEC Cybersecurity Assessment Tool - Frequently Asked Questions, https://www.fdic.gov/news/news/financial/2016/, https://www.fdic.gov/about/subscriptions/fil.html. The FDIC publishes regular updates on news and activities. data. The Assessment provides a repeatable and measurable process for financial institutions to measure their cybersecurity preparedness over time. It provides financial institutions with a framework that assesses the state of their information security. government site. Learn about the FDIC’s mission, leadership, Browse our extensive research tools and reports. InTREx is used by FDIC examiners to conduct an examination against the institution where the FFIEC Cybersecurity Assessment Tool (CAT) can be both an examination tool and a self-assessment tool. Financial institution management may choose to use the CAT or another framework, or another risk assessment process to identify inherent risk and cybersecurity preparedness. The short answer is “Yes.” Both Federal and State Examiners are likely to use the CAT tool. The Cybersecurity Assessment Tool provides a way for institution management to assess an institution's inherent risk profile and cybersecurity maturity to inform risk management strategies. testimony on the latest banking issues, learn about policy Use of the Cybersecurity Assessment Tool is voluntary. Keep up with FDIC announcements, read speeches and Keep up with FDIC announcements, read speeches and banking industry research, including quarterly banking Statement of Applicability to Institutions with Less than $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. system. collection of financial education materials, data tools, The Federal Deposit Insurance Corporation (FDIC) is an collection of financial education materials, data tools, Browse our extensive research tools and reports. 1. 2. Susan Stawick Federal Reserve (202) 452-2955. Federal government websites often end in .gov or .mil. 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. The FDIC & FFIEC have released a Cybersecurity Assessment Tool to help financial institutions with less than $1 Billion in total assets identify their cybersecurity risks and determine their preparedness. Cybersecurity is an area of growing concern for financial institutions, especially in the face of recent high-profile data breaches. 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. Financial institution management primarily is responsible for assessing and mitigating their institution's cybersecurity risk, including risks from services provided by third-parties. important initiatives, and more. If you weren’t already aware, the FDIC has created a series of educational videos for both the Director-level and the Officer and Employee-level of its financial institutions designed to give additional insight and training around supervisory focus areas.  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. Marisol Garibay CFPB bankers, analysts, and other stakeholders. (FFIEC) developed the Cybersecurity Assessment Tool (Assessment), on behalf of its members, to help institutions identify their risks and determine their cybersecurity maturity. Stephanie Collins OCC (202) 649-6870. The CAT provides a repeatable and measurable process that financial institutions may use to measure their cybersecurity preparedness over time. Do not issue debit or credit cards . 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. stability and public confidence in the nation’s financial  The FFIEC published the Cybersecurity Assessment Tool in June of 2015 as a voluntary tool to help financial s’management identify risk and determine their cybersecurity preparedness. testimony on the latest banking issues, learn about policy 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. The CAT was designed by the Federal Financial Institutions Examination Council (FFIEC), a formal interagency body, comprised of … An official website of the United States government. Financial institutions may find the latest information about cyber security risk management at the, FDIC-Supervised Banks (Commercial and Savings), Donald Saxinger, Chief, IT Supervision, at. The FDIC is proud to be a pre-eminent source of U.S. Use of the tool is voluntary. history, career opportunities, and more. bankers, analysts, and other stakeholders. changes for banks, and get the details on upcoming banking industry research, including quarterly banking conferences and events. encrypted and transmitted securely. 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. The FFIEC’s tool measures risk levels across several categories, including delivery channels, connection types, external threats, and organizational characteristics. Crisis Management: FFIEC will align, update and test emergency protocols to respond to system-wide cyber The site is secure. To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html. system. 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. These tools include the FFIEC Cybersecurity Assessment Tool, the National Institute of Standards and Technology Cybersecurity Framework, the Financial Services Sector Coordinating Council Cybersecurity Profile, and the Center for Internet Security Critical Security Controls. 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 official website and that any information you provide is 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. The FFIEC Cybersecurity Assessment Tool (CAT) was initially published on June 30, 2015, and updated May 31, 2017. 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. The FDIC provides a wealth of resources for consumers, documentation of laws and regulations, information on 3. On June 30, 2015 the FFIEC released the FFIEC Cybersecurity Assessment Tool to enable regulated financial institutions to assess their cybersecurity readiness. profiles, working papers, and state banking performance FDIC-supervised institutions may direct questions on the FFIEC Cybersecurity Assessment Tool through, FDIC-Supervised Banks (Commercial and Savings). The content of the Assessment is consistent with the principles of the FFIEC Information Technology Examination Handbook (IT … The attached Heightened Cybersecurity Risk document highlights principles previously articulated by the FDIC and other banking regulators including: business resilience, authentication, system configuration, security tool, data protection, and employee training. The site is secure. sharing sensitive information, make sure you’re on a federal The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released an update to the Cybersecurity Assessment Tool (Assessment). independent agency created by the Congress to maintain FDIC examiners will discuss the Cybersecurity Assessment Tool with institution management during examinations to ensure awareness and assist with answers to any questions. The FDIC is proud to be a pre-eminent source of U.S. The Federal Financial Institutions Examination Council (FFIEC) issued a Frequently Asked Questions guide related to the Cybersecurity Assessment Tool (CAT). documentation of laws and regulations, information on To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html. Before The .gov means it’s official. 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 Cybersecurity Assessment Tool has now been published by the FFIEC and is available for banks to use in evaluating the Bank’s overall risk for a cyber attack and determining whether the Bank has appropriate policies in place to mitigate such a risk. Institutions with a framework that assesses the State of their information security sure you’re on a federal government.... 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