Today's Board Essentials Module 6: The Board’s Role with Cyber Security
In November 2022, the Federal Financial Institutions Examination Council (FFIEC) warned banks about increased cyber-security risks and the need to identify, assess, and mitigate these risks due to the increasing volume and sophistication of cyber threats.
The board is now expected to monitor and maintain sufficient awareness of cyber-security threats, be able to evaluate the risk, and respond accordingly. Discover what the board should understand about cyber-security threats and how your bank should respond if a cyber incident results in unauthorized access to sensitive consumer information.
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Spencer Fane LLP
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