Will FFIEC Revamp Cyber Assessment Tool?

Image Source: Article

Image Source: Article

In response to banking institutions' requests for clarification of the Cybersecurity Assessment Tool, the Federal Financial Institutions Examination Council is taking a preliminary step that could lead to refinements.

The FFIEC recently reopened its comment period for the tool, which was issued in July. It's accepting comments through Jan. 15, according to a notice in the Federal Register from the Office of the Comptroller of the Currency, the lead agency for the FFIEC.

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