Traceable
Adhere to FFIEC Guidelines with Traceable
Pages
10
Time to read
10 mins
Publication
Language
English
Pages
10
Time to read
10 mins
Publication
Language
English
This whitepaper outlines the FFIEC (Federal Financial Institutions Examination Council) guidelines for financial institutions, particularly focusing on cybersecurity and risk management practices. It details the responsibilities of the FFIEC, which was established to create uniform regulatory standards for federally supervised financial institutions. The document highlights a significant update to the Cybersecurity Resource Guide, emphasizing the need for enhanced identification, authentication, and access solutions. It discusses the evolving threat landscape, particularly concerning APIs, which have become a critical attack surface. The paper stresses the importance of conducting risk assessments, implementing layered security, and maintaining awareness of authentication risks. Additionally, it presents strategies for organizations to align with FFIEC compliance, including automatic API discovery and risk posture management. The whitepaper serves as a comprehensive resource for CISOs, CIOs, and GRC leaders in understanding and implementing these guidelines effectively.