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FFIEC Data Encryption Standards: What You Need to Know!

Posted by Lydia Dwyer on Feb 26, 2019

 

Want to make sure your company is Federal Financial Institutions Examination Council (FFIEC) compliant? Then check out this guide to FFIEC data encryption standards, describing how you can ensure your organization complies with the FFIEC's encryption requirements.

Cybersecurity standards set the minimum requirements to protect your business systems and data. Complying with government and industry data security standards can cost a business millions – and the costs have been increasing in recent years. Concerns about technology and data security are also on the rise, which in turn has led to new rules and new regulations.

What Happens if I Fail to Meet FFIEC Guidelines?

Posted by Andrew Igel on Dec 4, 2018

Financial institutions face approximately 85 serious cyber attacks each year. Of these attacks, one-third succeed. While this may not seem like a large number, consider that these threats put people's money at risk each time.

Threats led to the introduction of the Federal Financial Institutions Examination Council (FFIEC). The FFIEC has created security guidelines since 1979. Security risks have changed and increased since the establishment of the guidelines.

That's why the FFIEC examination handbook gets updated regularly. These updates keep up with new risks and changing technology.

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