Cybersecurity is a critical issue facing every financial institution and the stakes are rising all the time. Cybercrime in general is growing through the roof and the risk of cyber attacks on financial institutions is becoming ever more magnified and apparent.  In response, regulatory expectations for robust information security programs, security awareness training, and well-developed cyber risk control structures have increased.  Given also the increase in enforcement actions related to privacy and data security practices, financial institutions face unprecedented scrutiny over the adequacy of their cybersecurity strategies.

This risk webinar is designed to assist financial institutions in addressing these challenges by providing a regulatory roadmap for managing cybersecurity risks, as well as practical guidance for developing an effective cyber risk management program. A review of several  recent enforcement actions and summary of key findings will be also be discussed.

Attendees to this banking webinar will learn:

• The four critical control components of an information security program
• The most recent FTC guidance on data security and step-by-step compliance checklist
• Industry best practices to help financial institutions manage cybersecurity risks

BONUS MATERIALS:

Participants will receive TWO invaluable checklists used for designing and/or evaluating an institution’s cyber risk management framework. Participants will receive a Data Breach Avoidance and Response Plan Checklist to help identify gaps and control weaknesses in your institution’s data breach management plan.  Participants will also receive an IT System and Website Safeguard Checklist to offer guidance on how IT departments can safeguard their websites and IT systems against malicious attacks.