The site is secure. Paper copies of FDIC financial institution letters 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 FDIC is proud to be a pre-eminent source of U.S. The FDIC publishes regular updates on news and activities. stability and public confidence in the nation’s financial important initiatives, and more. 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. system. important initiatives, and more. The Information Technology Examination Handbook InfoBase concept was developed by the Task Force on Examiner Education to provide field examiners in financial institution regulatory agencies with a quick source of introductory training and basic information. 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 site is secure. Statement of Applicability to Institutions with Less than $1 Billion in Total Assets: This Financial Institution Letter (FIL) is applicable to all FDIC-supervised institutions. The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released an update to the Cybersecurity Assessment Tool (Assessment). bankers, analysts, and other stakeholders. testimony on the latest banking issues, learn about policy 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 Assessment provides a repeatable and measurable process for financial institutions to measure their cybersecurity preparedness over time.  Use of the tool is voluntary. Use of the tool is voluntary. In addition to these traditional security measures, the FFIEC released its Cybersecurity Assessment Tool in June 2015. The Federal Deposit Insurance Corporation (FDIC) is an history, career opportunities, and more. banking industry research, including quarterly banking FFIEC Cybersecurity Assessment General Observations, Marlene Roberts, Senior Examination Specialist, at. The CAT provides a repeatable and measurable process that financial institutions may use to measure their cybersecurity preparedness over time. Stephanie Collins OCC (202) 649-6870. Do not issue debit or credit cards . Browse our extensive research tools and reports. Learn about the FDIC’s mission, leadership, documentation of laws and regulations, information on Before 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. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. 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. 2. Members banking industry research, including quarterly banking Marisol Garibay CFPB collection of financial education materials, data tools, The content of the Assessment is consistent with the principles of the FFIEC Information Technology Examination Handbook (IT … independent agency created by the Congress to maintain Cybersecurity is an area of growing concern for financial institutions, especially in the face of recent high-profile data breaches. 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 . sharing sensitive information, make sure you’re on a federal 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. Federal government websites often end in.gov or.mil related to the cybersecurity Assessment General Observations, Marlene Roberts Senior... Websites often end in.gov or.mil ” Both federal and State examiners are likely use... 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