OCC Announces Updated FFIEC Cyber ​​Resource Guide

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On October 6, the OCC announcement that the Federal Financial Institutions Examination Council (FFIEC) has published an update to the FFIEC Cybersecurity Resource Guide for Financial Institutions. According to the OCC, the FFIEC 2022 Cybersecurity Resource Guide for Financial Institutions provides a list of voluntary programs and actionable initiatives to help financial institutions meet their security control objectives and respond to cyber incidents. The 2022 guide cancels and replaces the 2018 guide and applies to a wide range of financial institutions, including community banks. Highlights of the guidance include: (i) links to updated resources for the assessment, exercise, information sharing, and response and reporting categories; and (ii) new ransomware-specific resources.

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