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May 15th, 2019, 8:41 pm


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provided by DHS. The Federal Financial Institutions Examination Council (FFIEC) Cybersecurity Assessment Tool (CAT) contains 494 declarative statements and is also self-administered. 1.2 What is the NIST CSF? The President issued Executive Order 13636, "Improving Critical Infrastructure Cybersecurity," on On Wednesday, May 31st, the FFIEC sent out a press release announcing updates to its Cybersecurity Assessment Tool (CAT), which has not been updated since its initial release on June 30th, 2015. On the morning of Thursday, June 1st, an updated CAT was revealed to the financial industry.. The good news is that the CAT 1.1 updates are not massive or wholesale, but rather necessary and welcomed. The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". It also oversees real estate appraisal in the United States. This long-anticipated release of the Cybersecurity Assessment Tool (CAT) is designed to assist institution management in both assessing their exposure to cyber risk, and then measuring the maturity level of their current cybersecurity controls. Users must digest 123 pages, and must provide one of five answers to a total of 69 questions in 10 The Federal Financial Institutions Examination Council (FFIEC), 1 on behalf of its members, has issued a Cybersecurity Assessment Tool (Assessment) that institutions may use to evaluate their risks and cybersecurity preparedness. The Office of the Comptroller of the Currency (OCC) examiners will gradually incorporate the Assessment into The Federal Financial Institutions Examination Council (FFIEC) released a Cybersecurity Assessment Tool (CAT) on June 30, 2015, to assist organizations in identifying cyber risks and assessing their cybersecurity preparedness. The CAT, in essence


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