Issues : Risk

Shelter From the Cyber Storm

In 2014, the Federal Financial Institutions Examination Council issued a statement on behalf of its members—including the Federal Deposit Insurance Corp., the Federal Reserve, the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau—recommending that financial institutions of all sizes participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC), an organization focused on threat intelligence analysis and sharing. Cybersecurity has been a growing issue for the U.S. economy and the banking industry, and cyber intelligence is a significant focus of the organization, as well as natural disasters, such as the recent hurricanes that hit...