Watkins recognized that in order to fully benefit from the multi-dimensional aspect of the Tool, an Excel-based solution could be helpful. Therefore, we created and posted an Excel workbook that puts the FFIEC Cybersecurity Assessment Tool into action by tracking your responses and calculating inherent risk, cybersecurity maturity, and cross-plotting the results on the risk/maturity
Watkins Consulting’ Mark Johnston participated as a presenter for a live webcast, presented by “The Knowledge Group”, discussion on what your firm needs to know in 2016 about cybersecurity preparedness and the FFIEC’s Cybersecurity Assessment Tool. Key topics include: FFIEC’s Cybersecurity Assessment Tool – An Overview Cyber Security Risk Management and Oversight Threat Intelligence and Collaboration Cyber
http://www.americanbanker.com/bankthink/its-anyones-guess-how-fincen-determines-fines-1079793-1.html *****Industry News from American Banker*****The Financial Crimes Enforcement Network determination of penalties is not transparent and there is limited public process to help the public learn about what Fincen is doing or why. This is in contrast to the OCC and other federal banking agencies.
The FFIEC Cybersecurity Assessment Tool builds upon the NIST Cybersecurity Framework creating a matrix of inherent business risk with Cybersecurity maturity of products and services. The Tool was published in PDF format. Watkins recognized that in order to fully benefit from the multi-dimensional aspect of the Tool, an Excel-based solution could be helpful. Therefore, we
http://www.ffiec.gov/cyberassessmenttool.htm *****Industry News from the FFIEC*****The Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool (Assessment) to help institutions identify their risks and determine their cybersecurity preparedness. The Assessment provides a repeatable and measurable process for financial institutions to measure their cybersecurity preparedness over time.