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Financial Regulators Want To Know If Their Cyber Assessment Tool Is Worth It
NextGov: Four federal regulators that have developed a system for assessing the cybersecurity vulnerabilities of financial institutions are asking those organizations whether the system is giving enough bang for the buck.
The four agencies—the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or FDIC, and the National Credit Union Administration—all sit on the Federal Financial Institutions Examination Council and collectively manage the council’s Cybersecurity Assessment Tool.
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