Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Bank Executives, Boards Urged to Share Cyber-Risk Data

Joe Mont | November 4, 2014

Bank executives and directors are getting another push to share cyber-security alerts with each other in a new report released this week by the multi-agency Federal Financial Institutions Examination Council.

During the summer of 2014, FFIEC members, including representatives of the bank regulators and Consumer Financial Protection Bureau, conducted a cyber-security assessment at more than 500 community banks to evaluate their preparedness and response capability. The new report, “FFIEC Cybersecurity Assessment General Observations,” draws upon that review to offer advice to executives and directors and urge improved information sharing.

Financial institution management is...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.