FFIEC Forms Cybersecurity Working Group
The Federal Financial Institutions Examination Council said it has formed a working group to further promote coordination across the federal and state banking regulatory agencies on critical infrastructure and cyber security issues.
The Cybersecurity and Critical Infrastructure Working Group will enhance communication among the FFIEC member agencies, the NCUA said Thursday in a release.
The NCUA is a member of the council, which also includes the FDIC, CFPB, Comptroller of the Currency, Federal Reserve and one state financial regulator.
The working group will build on existing efforts to strengthen the activities of other interagency and private sector groups, such as the FFIEC’s Information Technology Subcommittee of the Task Force on Supervision, the Financial and Banking Information Infrastructure Committee, the Financial Services Sector Coordinating Council, and the Financial Services Information Sharing and Analysis Center.
These efforts are important in light of the growing sophistication and volume of cyber attacks and the global importance of critical financial infrastructure, the NCUA said.