OPERATIONAL RISK

Cyber & Data Security

Prevention and risk mitigation are key components in every aspect of bank operations - the same holds true in the protection of customer data.

Cybersecurity is the prevention of damage to, protection of, and restoration of data, systems and processes. Cybersecurity has three main components, data security, user security, and infrastructure security.

Data security is the concepts or strategies used to keep data secure. Data security focuses on protecting personally identifiable information (PII) from unauthorized access as one would see during a cyber breach or other significant cyber incident.

Prevention and risk mitigation are key components in every aspect of bank operations - the same holds true in the protection of customer data.

Sector Initiatives

Sheltered Harbor

Sheltered Harbor promotes the stability and resiliency of the financial sector through industry-developed standards for protecting and recovering customer account data if a catastrophic event causes critical systems - including backups - to fail.

.BANK

.BANK is an evolution in relationship management, offering a trusted, verified, more secure, and easily identifiable location on the internet for your customers and your bank, regardless of size. .BANK provides a trustworthy stamp of approval for your online offerings.

Carnegie Endowment for International Peace

ICBA partnered with the Carnegie Endowment for International Peace and other industry experts to update “Cyber Resilience and Financial Organizations: A Capacity-building Tool Box.” Learn more about how your bank can leverage the tool box to create a more cyber resilient workplace.

FFIEC Industry Outreach Webinar Announcement: Ransomware Trends

Nov 2, 2021 | Sector Calls

The Federal Financial Institutions Examination Council (FFIEC) is offering an Industry Outreach webinar on Thursday, Nov. 18, 2021, that focuses on recent ransomware trends. The event is sponsored by the FFIEC Task Force on Supervision — Cybersecurity and Critical Infrastructure Working Group.

Webinar

Cyber and Data Security News

Financial Trades Support Modified SEC Cyber Incident Disclosure Proposal to Aid Law Enforcement and Support Remediation Efforts

May 10, 2022 | Press Release
ICBA, American Bankers Association, Bank Policy Institute, and Mid-Size Bank Coalition of America commented late yesterday on a SEC proposal that would implement new requirements for financial institutions to disclose material cyber incidents, as well as cybersecurity risk management, strategy and governance.

New ICBA podcast: why cybersecurity goes beyond IT

Apr 28, 2022 | NewsWatch Today
The latest episode of ICBA’s Communities of Innovation podcast focuses on why cybersecurity is no longer simply an IT issue for community banks.