Jun 15, 2016 10:30:00 AM

Key Takeaways From the FFIEC Joint Statement on Cybersecurity

This past week the FFIEC issued a statement advising financial institutions to actively manage the risks associated with interbank messaging and wholesale payment networks. The FFIEC warned financial institutions to assess their risk and to determine the presence of risk management practices and controls. The FFIEC urged institutions to request specific security control recommendations from their payment system provider.

Topics: cybersecurity

Jun 7, 2016 11:00:00 AM

Key Considerations When Purchasing Cyber Insurance

From both current and prospective cyber insurance policy holders, we are frequently asked about what should be considered when purchasing a policy—what terms should be included, what are the important aspects and why. The answers to these questions are extremely complex, as cyber insurance is in its early infancy stages.

Topics: cybersecurity