04
August
New Tool Designed to Help Banks Evaluate Cyber Risk
On June 30, 2015, the Federal Financial Institutions Examination Council rolled out a new assessment tool for financial organizations, with the aim of helping them detect and defend against security risks.
The Cybersecurity Assessment Tool walks users through the process of analyzing their own systems, personnel policies and technology infrastructure to determine how prepared they are to defend against threats like data theft and hacking.
The assessment is divided into two sections – Inherent Risk Profile, and Cybersecurity Maturity – with five points of focus for each section:
Inherent Risk Profile
This section of