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Inactive Financial Institution Letters

FIL-55-2015
November 23, 2015

Cybersecurity Awareness Resources

Printable Format:

FIL-55-2015 - PDF (PDF Help)

Summary:

As part of the FDIC's Community Banking Initiative, the agency is adding to its cybersecurity awareness resources for financial institutions. These include a Cybersecurity Awareness video and three new vignettes for the Cyber Challenge, which consists of exercises that are intended to encourage discussions of operational risk issues and the potential impact of information technology disruptions on common banking functions.

Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions.

Highlights:

Community financial institutions may be exposed to operational risks through internal or external events ranging from cyber attacks to natural disasters. Operational risks can threaten an institution's ability to conduct basic business operations, impact its customer service, and tarnish its reputation. To help community financial institutions assess and prepare for these risks, the FDIC is incorporating new tools to its Directors' Resource Center at https://fdic.gov/regulations/resources/director/.

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Note:

FDIC Financial Institutions Letters (FILs) may be accessed from the FDIC's Web site at https://www.fdic.gov/news/news/financial/index.html.

To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html.

Additional copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).