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2/26/14 - Cybersecurity Framework Can Help Banks Address Increased Regulatory Scrutiny

The cybersecurity framework released by the National Institute of Standards and Technology on Feb. 12 marks a significant step in strengthening the security of the national critical infrastructure, and should serve as an important tool for banks in meeting regulators' heightened expectations for managing cyberrisk. Though the framework does not establish new regulation, it does create a common foundation that regulators will likely use when conducting examinations and in updating their examination procedures and guidance. Four areas that may gain increased regulatory attention include cyberrisk management, privacy safeguards, information sharing, and resiliency.

Click "Read More..." below to read an article on the NIST framework by Earl Crane published in the American Banker.