OCC 2017 FAQ 6 – What collaboration opportunities exist to address cyber threats to banks as well as to their third-party relationships?

Compliance > Third Party Relationships / Vendor Mgmt.
Q:  What collaboration opportunities exist to address cyber threats to banks as well as to their third-party relationships?
 
A:  Banks may engage with a number of information-sharing organizations to better understand cyber threats to their own institutions as well as to the third parties with whom they have relationships. Banks participating in information-sharing forums have improved their ability to identify attack tactics and successfully mitigate cyber attacks on their systems. Banks may use the Financial Services Information Sharing and Analysis Center (FS-ISAC), the U.S. Computer Emergency Readiness Team (US-CERT), InfraGard, and other information-sharing organizations to monitor cyber threats and vulnerabilities and to enhance their risk management and internal controls. Banks also may use the FS-ISAC to share information with other banks.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the OCC’s Bulletin 2017-21 – Frequently asked Questions to Supplement OCC Bulletin 2013-29 - https://www.occ.gov/news-issuances/bulletins/index.html
 

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