The new Federal Financial Institutions Examination Council (FFIEC) Cybersecurity Assessment Tool (CAT) offers financial institutions something that has been sorely lacking to date—a standardized framework they can use to guide their cybersecurity efforts. Community banks are facing mounting cyber threats and increased regulatory pressure to address cyber risks. But little in the way of concrete guidance, regulatory or otherwise has been received in recent years. This framework provides guidance…

BING NEWS:
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