Washington D.C. — On Nov. 12, 2020, the Cyber Risk Institute (CRI) released an update to its Profile to expand the Profile’s offerings and increase its utility for a vital segment of the financial services industry – insurers and the insurance industry. This Version 1.1 incorporates the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook … Continued
Yesterday, the Cyber Risk Institute (CRI) sent a letter to the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) that acknowledged the inclusion of the CRI Cybersecurity Profile[1] within a report on operational resilience issued jointly by the three agencies. In this letter, CRI … Continued
Washington, DC – Ahead of a planned summit in January, the World Economic Forum (WEF) FinTech Cybersecurity Consortium — a consortium made up of the world’s most prominent technology companies, governments and international non-government organizations — published a report on July 23 identifying the Cyber Risk Institute (CRI) — launched in May 2020 by the Bank … Continued
The Commission is the latest to voice its support for the Profile, which helps financial institutions develop and maintain cybersecurity risk management programs. Washington, DC – In an official statement today, the Commodity Futures Trading Commission (CFTC) listed the Cybersecurity Profile — previously maintained by the Financial Services Sector Coordinating Council (FSSCC) and now developed … Continued
Washington, DC – To more effectively support the cyber security and resiliency of the world’s financial institutions, the Bank Policy Institute today led a coalition of trade associations and financial institutions to create the Cyber Risk Institute (CRI). CRI is a coalition of more than 31 firms and growing, representing the entire spectrum of the … Continued
On November 7, 2016, BITS — the technology policy division of the Bank Policy Institute (commonly referred to as “BPI,” formed in 2018 following the merger of The Clearing House Association and the Financial Services Roundtable) — submitted comments to the Federal Trade Commission (FTC) as part of the FTC’s systematic review of all current Commission … Continued
On August 30, 2019, BITS — the technology policy division of the Bank Policy Institute (BPI) — submitted a letter to the National Association of Insurance Commissioners (NAIC) commending it for implementing a mapping and review process for the evaluation of controls in information systems. This change will save cybersecurity professionals countless manhours and will … Continued
On November 14, 2016, the Securities Industry and Financial Markets Association (SIFMA), the American Bankers Association (ABA), BITS — the technology policy division of the Bank Policy Institute (commonly referred to as “BPI,” formed in 2018 following the merger of The Clearing House Association and the Financial Services Roundtable) — the Mortgage Bankers Association (MBA), … Continued
On January 27, 2017, the Securities Industry and Financial Markets Association (SIFMA), the American Bankers Association (ABA), BITS — the technology policy division of the Bank Policy Institute (commonly referred to as “BPI,” formed in 2018 following the merger of The Clearing House Association and the Financial Services Roundtable) — and the Financial Services Sector … Continued
On February 16, 2017, BITS, the technology policy division of the Bank Policy Institute (BPI) — launched in 2018 following the merger of The Clearing House Association and the Financial Services Roundtable — submitted a comment letter in response to an Advanced Notice of Proposed Rulemaking (ANPR) issued by the Office of the Comptroller of … Continued
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