U.S. Financial Regulators Making Cyber an Exam Priority


According to the American Banker, “regulators are planning to make cybersecurity a higher priority during bank exams” starting next year. The Federal Deposit Insurance Corporation (FDIC) is planning to rework its community bank examination program to “[include] enhancements to specifically address cybersecurity elements,” according to Mark Moylan, the FDIC’s deputy director of risk management supervision. “The focus on cybersecurity needs to move from the server room to the boardroom,” Moylan added.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s