Climbing Up the Cybersecurity Ladder

Financial institutions with more mature cybersecurity programs—those on the intermediate level of cybersecurity governance outlined by the Federal Financial Institutions Examination Council’s Cybersecurity Assessment Tool—demonstrate more knowledge as a board about the issue. So, it’s disheartening to find that a significant portion of the respondents to Bank Director’s 2018 Risk Survey indicate uncertainty about aspects of their bank’s cybersecurity initiatives. “Everybody loses a little sleep over the potential of some sort of cyber issue,” says Stewart Slack, a director at $1.3 billion asset Business First Bank, in Baton Rouge, Louisiana. And with good cause. Protecting the bank from a potential...