FDIC Publication Focuses on Enhancing Banks' Cybersecurity Programs — 2016-02-01

FDIC Publication Focuses on Enhancing Banks’ Cybersecurity Programs “A Framework for Cybersecurity,” which appears in the Winter 2015 issue of Supervisory Insights, released today, discusses the cyber threat landscape and how financial institutions’ information security programs can be enhanced to address evolving cybersecurity risks. The article also provides an overview of actions taken by the Federal Deposit Insurance Corporation (FDIC) individually and with other regulators in response to the increase in cyber threats. “Cybersecurity has become one of the most critical issues facing the banking industry,” FDIC Division of Risk Management Supervision Director Doreen R. Eberley said. “This article offers a pragmatic approach to refocusing and strengthening existing information security programs to address cybersecurity risks.” Another article in the latest edition, “Marketplace Lending,” provides an overview of the marketplace lending model. The article offers resources for bank boards of directors and management to consider when engaging in marketplace lending activity.