Increase cyber awareness
Federal and state agencies and regulators have a variety of resources to help banks, credit unions and other financial institutions protect themselves from hackers and other cyber threats. Here are a few resources that may be helpful:
The Federal Financial Institutions Examination Council developed the Cybersecurity Assessment Tool to help financial institutions identify their risks and determine their cybersecurity preparedness. The assessment tool provides a process for financial institutions to measure their cybersecurity preparedness over time. The assessment provides an overview for chief executive officers and boards of directors to enhance their oversight and managementof their institution’s cybersecurity, as well as a user’s guide and risk profile to help institutions identify risk and determine their cybersecurity maturity. The FFIEC’s Cybersecurity Awareness page also has other cybersecurity resources for financial institutions, including information about different cyber threats, a cybersecurity webinar/video and a cybersecurity brochure.
This guide, developed by the FDIC, provides cybersecurity information for financial institutions’ employees and business customers about how to safeguard computer system and data. The guide includes information on how protecting computers and networks, controlling access to data and computers, establishing security practices and policies for employees, and training employees to be careful when connecting to the internet, as well as about the dangers of suspicious emails. It also provides information for employees and business customers about security software and updates, backing up valuable data and systems, securing mobile transactions, and watching for fraudulent transaction and bills and unauthorized withdrawals.
The FDIC created “Cyber Challenge: A Community Bank Cyber Exercise” to encourage community financial institutions to discuss operational risk issues and the potential impact of information technology disruptions on common banking functions. Using seven unique scenarios, the Cyber Challenge seeks to start an important dialogue among bank management and staff on ways to mitigate current and future risks. The Cyber Challenge is not a regulatory requirement, but rather a technical assistance tool designed to help financial institutions assess their operational readiness.

The FDIC also provides other cybersecurity resources, including a video series designed to assist bank directors with understanding cybersecurity risks and related risk management programs, financial institution letters notifying financial institutions about important cybersecurity issues, and a cybersecurity resource page for consumers.
See related article on the FDIC Cyber Challenge.
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Released in 2014 by the Conference of State Bank Supervisors, this guide is targeted at bank CEOs, senior executives and board members. It provides them with industry-recognized standards and best practices to mitigate cybersecurity threats at their banks. The guide is organized according to five core cybersecurity functions of the National Institute of Standards and Technology’s Cybersecurity Framework. It provides information about how to identify internal and external cyber threats; protect organizational systems assets and data; detect data breaches, system intrusions or unauthorized access; respond to a potential cybersecurity event; and recover from a cybersecurity event by restoring normal operations and systems.
Cybersecurity Assessment Tool, Federal Financial Institutions Examination Council
“A Cybersecurity Guide for Businesses,” Federal Deposit Insurance Corporation
“Cybersecurity 101: A Resource Guide for Bank Executives,” Conference of State Bank Supervisors
Cybersecurity Resources: National Credit Union Administration
The National Credit Union Administration maintains a cybersecurity resources page on the agency’s website. The site includes an NCUA Examiner’s Guide with information used by examiners when assessing risks, including cybersecurity, in evaluating credit unions. The webpage also contains cybersecurity resources from other agencies, including a list of frequently asked questions about the FFIEC cybersecurity assessment tool. The page also includes information on industry best practices for protecting privacy and personal data, and information sharing forums about cyber threats.
“Cyber Challenge: A Community Bank Cyber Exercise,” Federal Deposit Insurance Corporation
Federal and state agencies offer many cyber resources
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Prevent cyberattacks
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Banks must take proactive steps to stay ahead of cybercriminals
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Phishing for trouble
Hackers use phishing emails to steal data, penetrate networks
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Banks face new cyber regs
New cybersecurity standards could affect large financial institutions
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Leading the way
New York establishes first-of-its-kind cybersecurity standards
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What you need to know
Ways financial institutions can identify and respond to cyberthreats
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Email fraud and cybercrime
Tips to identify red flags and respond to email and cyberthreats
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Understand the threats
Learn ways financial institutions can mitigate cyber risks
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Reduce cyber risk
OnCourse Learning webinar focuses on cybersecurity issues
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Choose the right vendor
Financial institutions can be held responsible for vendor tech failures
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Become cyber secure
OnCourse Learning offers cybersecurity training to meet your needs
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Take cybersecurity seriously
Guide helps financial institutions identify cyberthreats
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Beware of ransomware
Cyberattacks involving ransomware are a growing concern
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Stop the bad actors
Terrorists and other groups threaten the financial system
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Credit unions raise the bar
Agency creates cybersecurity assessments for credit unions
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Cyber preparedness
Why cybersecurity should be a top priority for your financial institution
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Increase cyber awareness
Federal and state agencies offer many cyber resources
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Protect online payments
Agency warns of cyberthreats to bank payment networks
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Training in the cyber age
Preparation is better than remediation when it comes to cybersecurity
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