Washington, D.C. –The Financial Services Sector Coordinating Council (FSSCC) released the new Cybersecurity Profile. The Profile provides a framework that integrates widely used standards and supervisory expectations to help guide financial institutions in developing and maintaining cybersecurity risk management programs. The Profile is the result of two years’ work and collaboration among financial institutions, trade groups, and government agencies which was spearheaded by FSSCC, the American Bankers Association, Bank Policy Institute’s technology policy subdivision BITS, Futures Industry Association, Global Financial Markets Association (and its member associations of the Association for Financial Markets in Europe, the Asia Securities Industry & Financial Markets Association, and the Securities Industry and Financial Markets Association), and the Institute of International Bankers. The profile was developed in response to a survey of chief information security officers from financial institutions that indicated nearly 40% of their time was spent on compliance and reconciling competing, duplicative, redundant, and inefficient cybersecurity supervisory examinations.
January 18, 2018
January 22, 2018
On January 18, the NIST Cyber Security Framework Comment Letter Task Group responded to the National Institute of Standards and Technology’s request for public comment on its second draft of version 1.1 (“Draft 2”) of its Framework for Improving Critical Infrastructure Cybersecurity. Read the letter here
FSSCC issued a press release on the recently-released President Executive Order Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure. Read more here
April 10, 2017
April 11, 2017
On April 10, FSSCC submitted a comment letter in response to the NIST Proposed Update to the Framework for Improving Critical Infrastructure Cybersecurity. Read more here.
February 17, 2017
February 17, 2017
On February 17, FSSCC submitted a comment letter in response to the jointly issued Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation advanced notice of proposed rulemaking (ANPR), Enhanced Cyber Risk Management Standards. Read the letter here
January 18, 2017
January 18, 2017
On January 18, FSSCC released a list of cybersecurity priorities for the new Administration and Congress. Read the recommendations here
September 9, 2016
September 11, 2016
On September 9th, the FSSCC submitted a response letter to The Commission on Enhancing National Cybersecurity's Request For Information about current and future states of cybersecurity in the digital economy. In the letter, the sector highlights three cybersecurity collaborative accomplishments and outlines five recommendations. Read the full response here
June 8, 2016
June 8, 2016
The Financial Services Sector Coordinating Council today announced the election of Rich Baich as chair of the FSSCC. Rich will succeed Russell Fitzgibbons, EVP & Chief Risk Officer of The Clearing House, whose term as FSSCC chair ends on July 27, 2016. Read More
April 14, 2016
April 14, 2016
The 2016 Cyber Insurance Purchaser's Guide has been published by FSSCC for organizations particularly small and medium-sized enterprises as a reference tool to use when considering the purchase of cyber insurance. It includes an overview of the cyber insurance market and identifies key questions that a perspective policyholder should ask itself, its broker or agent, and its insurer when considering the purchase of cyber insurance.
