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Financial Services Law Insights and Observations
FFIEC updates 2018 Cybersecurity Resource Guide for Financial Institutions
On October 27, the FDIC issued FIL-50-2022 related to recent updates made to the Federal Financial Institutions Examination Council’s (FFIEC) 2018 Cybersecurity Resource Guide for Financial Institutions. The FFIEC guide is designed to assist financial institutions in meeting their security control objectives and preparing to respond to cyber incidents. The FFIEC guide includes updates to certain references as well as new ransomware-specific resources to address the ongoing threat of ransomware incidents.