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Big Data Cybersecurity Internet Law Regulations

Best Practices in Data Security for Financial Institutions

The Federal Financial Institutions Examination Council (FFIEC) recently revised its Information Security Booklet. The changes bring the financial services industry closer to the goal of having a clearly defined set of cybersecurity and data protection protocols to ensure regulatory compliance.

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The Federal Financial Institutions Examination Council (FFIEC) recently revised its Information Security Booklet. The changes bring the financial services industry closer to the goal of having a clearly defined set of cybersecurity and data protection protocols to ensure regulatory compliance. The booklet is one of 11 that together comprise the FFIEC IT Handbook. Special focus should be paid to the updated Appendix A, which was published as guidance for field examiners of the financial services regulators to assess the level of security risks to institutions’ information systems, and the adequacy of an information security program’s integration into an institution’s overall risk management.

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