Regulatory Alerts2016-01-04
Added · Updated
Cybersecurity Risk Management and FFIEC Cybersecurity Assessment Tool
The Alabama State Banking Department mandates that all state-chartered banks immediately measure their inherent cyber risks and cybersecurity maturity due to escalating threats. Examiners will review these assessments during safety and soundness examinations and off-site reviews starting July 5, 2016, while encouraging the use of the voluntary FFIEC Cybersecurity Assessment Tool. Executive leadership must ensure sufficient resources and board-level oversight to address emerging cyber risks and maintain baseline maturity levels.
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