To help community financial institutions assess and prepare for cybersecurity risks, the FDIC is incorporating new tools to its Directors’ Resource Center.
The Cybersecurity Awareness Directors’ College video provides an overview of the threat environment and steps community financial institutions can take to be better prepared should a cyber-attack occur.
Cyber Challenge facilitates discussion between financial institution management and staff about operational risk issues. The exercises are designed to provide valuable information about an institution’s current state of preparedness and identify opportunities to strengthen resilience to operational risk. The first four Cyber Challenge videos and supporting discussion materials were released in early 2014 and are available at the Directors’ Resource Center. Cyber Challenge now consists of:
- Seven scenarios presented through short video vignettes;
- Associated challenge questions;
- Reference materials; and,
- An instructional guide.
Cyber Challenge is not a regulatory requirement; rather, it is an optional tool to assist financial institutions in strengthening their resilience to operational risk.