WASHINGTON (5/9/14)--The Federal Financial Institutions Examination Council (FFIEC) highlighted efforts to enhance financial institutions' cybersecurity during a webinar Wednesday for approximately 5,000 chief executive officers and senior managers from community financial institutions.
The webinar aimed to raise awareness of cyber threats, discussed the role of executive leadership in managing these risks and shared actions being taken by the FFIEC.
FFIEC announced it will conduct vulnerability and risk-mitigation assessments, as well as regulatory self-assessment of supervisory policies and processes later this year. These will help the FFIEC member agencies make informed decisions about the state of cybersecurity across community institutions, address gaps and prioritize necessary actions to strengthen supervisory programs.
FFIEC members want to provide additional support to community financial institutions, which may not have access to the resources available to larger institutions. The council hopes to help these institutions identify and mitigate cybersecurity risks by:
To download the presentation from the webinar, use the resource link.