FFIEC Cybersecurity Pilot Project & Webpage

FFIECThe Federal Financial Institutions Examination Council (FFIEC) has launched a webpage on cybersecurity.The webpage is a central repository for current and future FFIEC-related materials on cybersecurity.  The FFIEC webpage provides links to joint statements, webinars and other information that may help financial institutions when thinking about the issue of cybersecurity.

The launch of this webpage coincides with a pilot program at more than 500 community institutions, to be conducted by state and federal regulators, which will be completed during regularly scheduled examinations. Information from the pilot effort will assist regulators in assessing how community financial institutions manage cybersecurity and their preparedness to mitigate increasing cyber risks. Regulators are particularly focusing on risk management and oversight, threat intelligence and collaboration, cybersecurity controls, service provider and vendor risk management, and cyber incident management and resilience. Another aim of the pilot is to help regulators make risk-informed decisions to enhance the effectiveness of supervisory programs, guidance and examiner training.

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