On November 3rd, 2015, the Federal Financial Institutions Examination Council (FFIEC) issued a statement warning financial institutions of the increasing number of cyber-attacks used to extort money and other allowances from victims, a trend that is seen around the...
The FFIEC recently added the “Strengthening the Resilience of Outsourced Technology Services” appendix to its Business Continuity Planning IT Booklet, which details for the first time ways financial institutions (FIs) can increase their cyber-resilience as it relates...
JPMorgan Chase and up to four other banks were victims of malicious software cyber-attacks, better known as malware. Malware are programs or applications that disrupt or damage the normal operation of a computer or electronic file system. The intent is to access...
Most financial services firms have developed business continuity and disaster recovery plans to satisfy the minimum standards required for regulatory compliance and recommendations. However, clients depend on a firm’s ability to keep the business running and deliver...
Banks must not only “check the box” when it comes to a variety of business continuity compliance requirements, but clients depend on a bank’s ability to continue the delivery of services regardless of an interruption – including pandemic...
