The Federal Financial Institutions Examination Council (FFIEC) has released its long-awaited Cybersecurity Assessment Tool (Assessment) to help financial institutions identify the inherent risks faced by a company and determine the level of maturity of a company’s cybersecurity preparedness. Although use of the Assessment is optional, the FFIEC believes the tool can “help management and directors of financial institutions understand supervisory expectations, increase awareness of cybersecurity risks, and assess and mitigate the risks facing their institutions.”

This webinar will explore how financial institutions can utilize this tool to guide company decisions about reducing inherent risk and developing strategies to improve the overall level of cybersecurity maturity and preparedness.

Topics

  • The inherent risks relating to cyber threats that the FFIEC has identified and how to use their risk rating scale
  • The five control “domains” that the FFIEC has identified and how to use their maturity level scale
  • Engaging an executive management team in reviewing the assessment results and determining whether the maturity of a company’s controls is appropriate relative to the identified inherent risks

Program

Tuesday, August 4, 2015
12:00 PM - 1:00 PM ET | Webinar

Moderator

Alan S. Kaplinsky, Practice Leader
Consumer Financial Services Group

Presenter

Odia Kagan
Consumer Financial Services/
Privacy and Data Security Group

Kevin D. Leitão
Consumer Financial Services/
Privacy and Data Security Group

Kim Phan
Consumer Financial Services/
Privacy and Data Security Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at prickrill@ballardspahr.com.

Register

Related Practices

Consumer Financial Services
Mortgage Banking
Privacy and Data Security