What is FFIEC Council?

How does LionCageDefender.com assist with compliance?

The Council is an inter-agency body that attempts to regulate different branches of the US government in regard to financial institutions and compliance. The FFIEC Council is empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), and to make recommendations as well to promote uniformity in the monitoring of financial and banking institutions. To learn more about the FFIEC governance please visithttp://www.ffiec.gov/. As with virtually all government bodies, computer and data security implementation is essential. The FFIEC attempts to regulate and issue compliance and uniformity among all financial institutions. All institutions that are compliant with FFIEC regulations must establish a risk assessment that assesses concerns such as:

  1. New and evolving threats to both its internal and external security environment
  2. Modification to our customers utilize internet and web banking systems, or when new digital services are introduced.
  3. Security breaches and occurrences which have actually occurred within the institution and industry

The governance regulates that the risk assessment must be reviewed, updated or performed at a minimum on an annual basis. Securing US Citizens as well as the US Government computer system from potential hackers is essential and a matter that has to be taken extremely seriously.

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Why government agencies should use penetration testing.

Utilizing our easy to use penetration testing service and value added security features , government bodies who work alongside the FFIEC can continuously test changing infrastructures against the latest threats and vulnerabilities and proactively identify potential weak points within their internal infrastructures and eliminate risks before those “holes” are identified by a hacker. When working as an outside auditor or work internally as part of the IT staff of US government agencies securing your “E-Environment” is mandatory. Comply with mandates for proactive IT security risk assessment and enhance overall security by addressing the security guidelines and considerations outlined in multiple regulations bodies such as Federal Financial Institution Examination Council (FFIEC) Graham Leach Bliley act (GLBA) Sarbanes Oxley (SOX) Payment Card Industry Data Security Standard (PCI DSS).

If you have questions on how LionCageDefender.com can help you in securing your agency or office and assist you with compliancy regulations please feel free to contact us.

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