Today the FFIEC released a Cybersecurity Assessment Tool to help financial institutions identify their risks and assess their cybersecurity preparedness. The assessment tool is designed to provide a repeatable and measurable process for banks and credit unions to measure their cybersecurity preparedness over time.
The FFIEC tool consists of pdf documents including an Overview for Chief Executive Officers and Boards of Directors, a User's Guide, an Inherent Risk Profile, a Cybersecurity Maturity, and some Additional Resources.
CoNetrix is working on a FREE online, interactive tool to assist banks and credit unions in completing the new FFIEC cybersecurity assessment. This easy to use SaaS will allow financial institutions to answer questions provided in the FFIEC documents, view and analyze inherent risk and cybersecurity maturity, and run various reports. To learn more about the new Tandem Cybersecurity tool, visit https://conetrix.com/cybersecurity.