CAT SCAN: WHAT YOU NEED TO KNOW ABOUT THE FFIEC’S CYBERSECURITY ASSESSMENT TOOL

You might be confused as to what the regulatory bodies expect from your financial institution in terms of cybersecurity: what obligations do you have? What measures should you take? And how, exactly, will you be measured for compliance? If so, you are not alone. In fact, the regulators themselves have shared much of your confusion and to date, have lacked any single set of standards that might be construed as a constructive guideline for cybersecurity.

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