{"id":4157,"date":"2020-03-10T12:47:21","date_gmt":"2020-03-10T17:47:21","guid":{"rendered":"https:\/\/www.kraftgrp.com\/?p=4157"},"modified":"2020-03-10T12:47:21","modified_gmt":"2020-03-10T17:47:21","slug":"notice-fdic-institutions","status":"publish","type":"post","link":"https:\/\/www.kraftgrp.com\/notice-fdic-institutions\/","title":{"rendered":"NOTICE to ALL FDIC-Supervised Institutions: Statement Issued"},"content":{"rendered":"
We\u2019ve all seen the rise of cybercrime – in the news, throughout articles on the internet, and in some cases, in our own businesses with an influx of phishing emails and other threats on the network. As a result, the FDIC and the Office of the Comptroller of the Currency issued a statement to all FDIC-supervised institutions, including community institutions, regarding the heightened cybersecurity risk and how to address it. In the document<\/a>, they cover the following important topics:<\/p>\n The document mentions specifically that \u201cwhile preventative controls are important, financial institution management should be prepared for a worst-case scenario and maintain sufficient business continuity planning processes for a rapid recovery, resumption, and maintenance of the institution\u2019s operations.\u201d <\/em><\/p>\n <\/p>\n It\u2019s no secret\u2026 Attacks against financial institutions are becoming more destructive and disruptive than ever before. It\u2019s important to reevaluate all safeguards currently in place to ensure they\u2019re strong enough to prevent the occurrence of ransomware and other threats, such as malware or viruses. We strongly urge all financial institutions to follow the recommendations found in the document. Here are a few highlights:<\/p>\n Create a plan that incorporates resiliency and recovery <\/strong><\/p>\n Financial institutions should incorporate resiliency and recovery into their information technology environment to prepare for the worst-case scenario. This means you\u2019re prepared to recover from any sort of cyber attack with:<\/p>\n Implement identity and access management controls <\/strong><\/p>\n Financial institutions should implement identity and access management systems, which are designed to ensure the proper people have access to appropriate resources and data for their jobs as they:<\/p>\n Pay attention to the configuration\/security of all network-connected devices <\/strong><\/p>\n Financial institutions should pay close attention to the configuration and security of any and all network-connected devices. This means applying security updates and patches, implementing monitoring tools, and overall, keeping them safe as you:<\/p>\n Read the full document here<\/a> or get in touch with us at {phone} with any questions. Kraft Technology Group is your team of trusted IT professionals for financial services firms throughout Nashville.<\/p>\n Like this article? Keep reading\u2026<\/p>\n What Differentiates Kraft Technology Group for Nashville IT Services?<\/a><\/p>\n Do You Know How To Stay Safe Online? Check Out These 10 Tips For Safe Computing<\/a><\/p>\n\n
Attacks Against Financial Institutions Are Becoming More Destructive and Disruptive, So How Can You Manage Threats?<\/h3>\n
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