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.

Alert

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

FinCEN proposes SAR-sharing pilot program

Jan 25, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.

FS-ISAC breaks down cyber incident reporting

Jan 18, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report details when and how to report cyber incidents to the federal government.