Cybersecurity Assessment Tool: An Update

The FFIEC issued a tool in June of this year to aid financial institutions (FI) in identifying and mitigating cyber risks.  The verdict is still out on whether or not this tool is a requirement, highly recommended or completely optional.  Upon first look at this tool in PDF format, it can appear confusing and cumbersome.  So let’s first break down the pieces of the CAT and then I’ll explain how Traina & Associates can help you with your CAT if you choose to implement this at your FI. Contine reading