[ISN] FFIEC Cybersecurity Assessments Begin

http://www.bankinfosecurity.com/ffiec-cybersecurity-assessments-begin-a-6988 By Jeffrey Roman Bank Info Security June 24, 2014 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. “Information from the pilot effort will assist regulators in assessing how community financial institutions manage cybersecurity and their preparedness to mitigate increasing cyber risks,” the council says. […]