FDIC Urges Financial Institutions to Utilize Available Cyber Resources — 2014-04-10

The Federal Deposit Insurance Corporation (FDIC) today urges financial institutions to actively utilize available resources to identify and help mitigate potential cyber-related risks. It is important for financial institutions of all sizes to be aware of the constantly emerging cyber threats and government-sponsored resources available to help identify these threats on a real-time basis. "Cyber threats have been widely covered in the national media, and we believe that financial institutions and their technology service providers have been managing system updates to mitigate potential vulnerabilities in an effective manner. As discussed in yesterday's meeting of the FDIC Advisory Committee on Community Banking, financial institutions may benefit from greater awareness of the resources available to identify cyber-related risks as quickly as possible," said Doreen Eberley, Director of the FDIC Division of Risk Management Supervision.