Cyber Risk Institute Updates Cybersecurity Profile
The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has updated its Financial Services Cybersecurity Profile.
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Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey.
New York Recognizes CRI’s Profile for Cybersecurity Assessments
The New York Department of Financial Institutions today recognized the Cyber Risk Institute’s Financial Services Cybersecurity Profile as an assessment tool that meets state cybersecurity regulations for banks and financial firms.
Four Best Practices for Advancing Bank Cybersecurity Programs for the Cloud Age
Effective cybersecurity practice means new focuses and a new culture for a digital age.
Nichols Comments on Political, Cyber Risks Facing Banks
Speaking on a virtual panel at FT Live’s Global Banking Summit Wednesday, ABA President and CEO Rob Nichols addressed top risks and challenges facing the banking industry, including the shifting regulatory and policy environment.
Powell: Banking System Strong, Cyber Risk Remains a Threat
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and that while “there are some issues to address in the capital markets, I wouldn’t say they rise to the level of grave systemic importance.” He did flag cyber risk as a key threat to financial stability.
FBI, CISA Warn of Ransomware Threat During Holiday Season
With ransomware attacks increasing in frequency and sophistication, the FBI and the Cybersecurity and Infrastructure Security Agency yesterday issued a reminder to public and private organizations to remain vigilant and take precautions to reduce their susceptibility to ransomware during the holiday season.
Survey: 72% of Bank IT Execs Say Using Cloud Tech Will Help Achieve Goals
Seven in 10 bank IT executives said they see incorporating cloud technology into products as a key way to help them achieve their business priorities, according to a recent survey released by banking software company Temenos.
Agencies Finalize Rule Regarding Notification of Cyber Attacks
The federal banking agencies today finalized a rule requiring banks to notify their primary regulator within 36 hours of becoming aware that a “computer-security incident” that rises to the level of a “notification incident,” has occurred.
Leveraging Crowdsourced Security to Defend Against Rising Threats
The more people are looking for vulnerabilities, flaws in security structures and emerging threats, the more prepared financial institutions will be for a potential attack.