FFIEC

(Federal Financial Institutions Examination Council) A U.S. government interagency body established in 1979 that prescribes uniform principles, standards and report forms for the federal examination of financial institutions. In 2013, the FFIEC created the Cybersecurity and Critical Infrastructure Working Group to strengthen cybersecurity efforts among its agencies.

References in periodicals archive ?

The system aggregates event data across all cybersecurity tools and links policies to real-time alerts so that financial institutions can prove to regulators they are both secure and compliant with evolving FFIEC cybersecurity requirements as well as with other regulations and their own policies.

Bank policy speeds review and delivers ongoing transparency and oversight

The FFIEC Cybersecurity Assessment Tool provides a mechanism for organizations to assess their cyber readiness and maturity against industry baselines, effectively comparing themselves (anonymously) with their peers.

Risk-based approaches to cybersecurity

On June 30, 2015 the Federal Financial Institutions Examination Council (FFIEC) released its much awaited Cybersecurity Assessment Tool which is designed to help financial institutions and regulators identify cybersecurity attack risks and to measure security preparedness as well.

DefenseStorm Named Sponsor at The Knowledge Group's Event "FFIEC Cybersecurity Assessment Tool for Financial Institutions," on 11/14/2016

In 2013, the FFIEC published a recommended guide regarding social media that is meant to help financial institutions navigate compliance intricacies when using this communication channel (www.fdic.gov/news/news/financial/2013/fill3056.html).

The land mines of social media marketing: here's what every lender should know about using social media to market mortgages to consumers

The FFIEC draft regulations warn that financial institutions should be prepared to address the potential impact of negative comments on social media platforms, even if they don't post to social media themselves.

Regulatory response: an array of federal regulators is gearing up to challenge companies' use of social media

Before there was guidance from the FFIEC, the majority of states used Uniform Commercial Code [section] 4A-202 (21) to establish the burden for any loss that occurred during the transfer of funds through online banking.

Increased bank liability for online fraud: the effect of Patco Construction Co. v. People's United Bank

EXAMINATION COUNCIL, IT EXAMINATION HANDBOOK: INFORMATION SECURITY (2006), available at http://ithandbook.ffiec.gov/ITBooklets/ FFIEC_ITBooklet_InformationSecurity.pd f[hereinafter FFIEC Information Security]; see also COBIT, supra note 36.

Regulatory financial reform: impact of Dodd-Frank Act on it compliance

Cross-border exposures of bank holding companies are reported on the FFIEC 009, Country Exposure Report.

A structural view of U.S. bank holding companies

Trusteer, the leading provider of cybercrime prevention solutions, today announced that NEFCU has selected Trusteer Rapport to protect its retail banking members against cybercrime and meet new FFIEC Guidelines for online banking security.

NEFCU selects trusteer to meet new FFIEC security guidelines

The FFIEC's 2005 recommendations on authenticating banking transactions focused on multi-factor authentication, which requires account holders to provide a user name and password, plus an additional identifier, such as information known only to the account holder or a code generated by a token, to access accounts.

Layering on security: banking regulators are expected to push for stronger forms of authentication as electronic transaction fraud proliferates

That clarification was among the provisions of the FFIEC's Dec.

The next generation hybrids: a new interagency appraisal rule changes the AVM game--but just what that means for appraisers remains to be seen

The software was initially released with mappings to FDIC, OCC, OTS, NCUA, Federal Reserve, and FFIEC information security regulations, examination handbooks, and guidance.

CoNetrix Incorporates COBIT, NIST, and PCI/DSS Standards into Tandem Security Software

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