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.

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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.

Conference Call

Cyber and Data Security News

Agencies propose standards for computer security incident notifications

Dec 21, 2020 | NewsWatch Today
Federal banking agencies issued a proposal that would require banks to promptly notify their primary federal regulator after a computer security incident.

FinCEN proposes virtual currency recordkeeping rules

Dec 21, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.

FS-ISAC Risk Reports