Understanding & Using the New FFIEC Cybersecurity Assessment Tool
The new assessment tool provides expectations on managing cyber threats and creates a risk-based exam approach for regulators.
Attend this session for guidance on how to complete the tool, govern cybersecurity with policies and integrate cybersecurity into your audit processes.
Since its release June 30th, many questions have been asked by bankers about the FFIEC Cybersecurity Assessment Tool. Join us as we explore the tool and address common questions raised. This discussion will focus on the expectations established in the new guidance, review how the assessment tool works and provide answers and insight around issues that have been raised.
The Cybersecurity Assessment Tool is the most significant regulatory publication in years and provides bankers expectations on managing cyber threats as well as creates a risk-based exam approach for regulators. We will provide guidance on how to complete the tool, govern cybersecurity with policies and integrate cybersecurity into your audit processes.
The following topics will be addressed in this presentation:
- Cybercrime overview
- Board/CEO cyber responsibilities
- FFIEC inherent risk process
- FFIEC cybersecurity maturity
- Regulatory requirements to complete
- Common questions when using the tool
- Setting cyber risk appetite for the bank
- Gap analysis, next steps after the risk assessment
- Cyber policy and programs
- Cyber auditing
- What to expect next
This discussion is designed for executives looking to understand their role in cyber security or information security officers, management, audit and operations personnel looking to execute the cybersecurity assessment tool.
Chad Knutson, CISSP, CISA, CRISC, is the co-founder of Secure Banking Solutions (SBS) where he serves as a senior information security consultant and VP of research and development. He is currently the vice president of the SBS Institute. SBS works with more than 500 banks around the country on information security services.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $560.00
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