FFIEC COMPLIANCE: A MEANS NOT AN END.
“If you shoot for compliance you’ll never be secure, but if you shoot for pure security you’ll end up much closer to compliance”
In June of 2015, in light of the increasing volume and sophistication of cyber threats, the Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool (Assessment) to help institutions identify their risks and determine their cybersecurity preparedness. The Assessment provides a repeatable and measurable process for financial institutions to measure their cybersecurity preparedness over time.
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