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State & federal officials address cyber concerns Texas Banking contacted representatives of the Texas Department of Banking, Texas Department of Savings & Mortgage Lending, FDIC, OCC and Federal Reserve Bank of Dallas in an effort to address their top cyber concerns, focus of cyber exams and advice. [...]with regard to IT asset management, institutions lacking fully effective asset inventory and management practices may face obstacles protecting their IT assets and data. [...]a culture often starts from the "tone from the top," and active engagement by executive management and board of directors will be a major factor in driving the effectiveness of the bank's cybersecurity program and staff awareness. With regard to sharing information, including best practices, the FDIC continues to support banks of all sizes participating in industry information-sharing forums such as the Financial Services Information Sharing and Analysis Center (FS-ISAC) as part of their process to identify, respond to and mitigate cybersecurity threats and vulnerabilities.
Details
Network security;
Data encryption;
Best practice;
Bank examiners;
Banking industry;
Audits;
Employees;
Due diligence;
Information sharing;
Bank examinations;
Central banks;
Risk management;
Asset management;
Financial institutions;
Boards of directors;
Task forces;
Wire;
Supply chains;
Information communication;
Security services;
Cybercrime;
Cybersecurity