Date: Thursday, October 26, 2017
Time: 2:00 pm - 3:30 pm CT
SBS Presenter: Chad Knutson
FFIEC guidance has provided additional expectations for financial institutions to implement for risk management strategies. The most critical component with risk management is a solid risk assessment process. The challenge is interpreting the guidance into an actionable process that institutions can effectively implement to make risk-based decisions and improve the state of security. It’s clear that the risk assessment process must identify and measure inherent risks in various areas of the institution and account for the current controls used to provide a residual risk level. Giving institutions the tools and measurements to determine if their “risk appetite” was achieved in a given area or if additional controls are needed.
This session will explore these regulatory resources and identify specific areas of the institution that must be assessed using provided risk assessment process examples.
What you will learn:
To effectively address the growing threat concerns to our institution, we will review these 5 critical risk assessment areas:
- Cybersecurity Risk Assessment
- IT Risk Assessment
- Vendor Risk Assessment
- Commercial Account Risk Assessment
- BSA Risk Assessment
Who should attend? Information Security Officer, IT Manager, Risk Officer, Internal Auditor, Board members, or other management team members responsible for the bank’s Business Continuity Plan
Presented in partnership with GSB.
Hacker Hour webinars are a series of free webinars hosted by SBS CyberSecurity. Unlike paid webinars, Hacker Hours are aimed to meet on a monthly basis to discuss cybersecurity issues and trends in an open format. Attendees are encouraged to join the conversation and get their questions answered. SBS will also offer products and services to help financial institutions with these specific issues.