FFIEC Updates Cybersecurity Resource Guide to Include Ransomware Resources

The Federal Financial Institutions Examination Council ("FFIEC") updated its Cybersecurity Resource Guide for Financial Institutions, which includes resources for identifying and responding to ransomware attacks. In connection with FFIEC's updated guide, the FDIC issued a Financial Institution Letter applicable to all FDIC-insured financial institutions.

FFIEC's guide provided the following a list of resources that financial institutions can utilize to "strengthen[] their resilience to cyber threats":

Assessments

Exercises

Information Sharing

Response/Reporting

Ransomware

The list of resources provided by FFIEC are optional tools and financial institutions aren't required to utilize them.

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