Our friends over at the DWT PrivSec blog are helping us keep a close eye on developments at the FFIEC. In comments before the Risk Management Association’s Governance, Compliance, and Operational Risk Conference last month, Thomas J. Curry, Comptroller of the Currency and Chairman of the Federal Financial Institutions Examination Council stated that “Attacks on our information infrastructure are everywhere. … For cyber criminals, banks are especially tempting targets – not only because banks are where the money is, but also because of the vast amount of proprietary information banks have about their customers. Some attackers target banks because they want to undermine confidence in our country’s financial system. Penetrating the information defenses of any one system may enable attackers to penetrate another, and that in turn could enable more widespread attacks on the broader economy.”
To read our partner Sean Hoar’s summary and analysis of Comptroller Curry’s comments, click here.