Financial Institutions Choose Leadership to Guide CRI Across Major Lines of Effort
Washington, D.C.– On March 19th, 2023, the Cyber Risk Institute finalized its selection of its Board of Directors for the new term. Of the 19 independent director seats, 9 seats had been up for election. Six of the nine are returning Board members and three have been newly elected to represent their peers across their various industry tiers. The Cyber Risk Institute is pleased to congratulate newcomers Mark Bruns, Chief Information Security Officer for FirstBank; Susan Koski, Chief Information Security Officer for PNC; and Karl Schimmeck, U.S. Banks Chief Information Security Officer for Morgan Stanley.
In a vote of confidence and continuity, the Board also re-elected its Chair, Barth Bailey, Senior Vice President and Chief Information Security Officer for Fulton Bank, and its Vice Chair, Jason Harrell, Managing Director and Head of External Engagement for The Depository Trust & Clearing Corporation (DTCC), for this current term.
Reflecting on the new leadership for CRI, an organization established in May 2020, CRI’s founder and President, Josh Magri, said:
The evolution of CRI over the past three years has been remarkable. We have gone from a small core of highly-motivated institutions to an extended network that touches every corner of the industry – each investing heavily in the future of cybersecurity for the sector. This is absolutely reflected in our Board, which is inclusive of representatives of everything from large global financial institutions, to community banks, to insurers, to market exchanges, and financial trade associations. I am excited to see where the new Board’s leadership will take us in 2023 and beyond. We already have an ambitious agenda which includes the release of Version 2.0 of our Profile, and expansion of our ecosystem relationships through the continued rollout of our Innovator and Affiliate program. This Board is the right group to lead us through what we expect to be a big year for CRI, and for the industry as a whole, and we’re ready to get started.
Following his election, Mr. Barth Bailey, newly re-elected Chair of CRI’s Board of Directors, said:
It is an honor to be elected to serve another term as Chair of the CRI Board of Directors by this incredible group of representatives from leading Financial Institutions. There is real excitement about the upcoming release of Version 2.0 of the Profile and our continued recognition. This is a key moment in CRI’s lifecycle as an organization and I am so glad to be able to provide this support.
Vice Chair Jason Harrell also noted:
CRI continues its growth, and there is significant momentum and excitement behind the organization’s efforts. Barth and I are proud to continue to work with a great group of individuals across a wide network of organizations along with our CRI staff to serve and further protect the financial services ecosystem.
The CRI Board of Directors is designed to reflect the complexity of the financial services industry and makes the most critical strategic decisions about the CRI and its suite of products, including, most notably the CRI Profile, the Workbook, and Cloud Profile. All are available for free download on CRI’s website: www.cyberriskinstitute.org.
To learn more, contact CRI at membership@cyberriskinstitute.org.
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About Cyber Risk Institute: The Cyber Risk Institute (CRI) is a not-for-profit coalition of financial institutions and trade associations. We’re working to protect the global economy by enhancing cybersecurity and resiliency through standardization. https://cyberriskinstitute.org/
* The CRI Profile is the successor to the Financial Services Sector Coordinating Council (FSSCC) Cybersecurity Profile, a NIST and IOSCO based approach to assessing cybersecurity in the financial services industry.
Media Contact:
Alan Carroll
alan.carroll@cyberriskinstiute.org
For Immediate Release
April 4, 2023
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