FFIEC Cybersecurity Assessment Tool

The FFIEC Cybersecurity Assessment Tool (CAT), developed by the Federal Financial Institutions Examination Council (FFIEC), is a diagnostic test designed to help financial institutions identify, gauge, and improve on cybersecurity risks.

The CAT consists of two parts:

1. 
   An inherent risk profile, which identifies an institution’s inherent risk based on factors like size, complexity, and business activities.
   
2. 
   Cybersecurity maturity, assessing the current state of cybersecurity preparedness across five domains:
   
   Governance and Risk Management
   Data Security
   Identity and Access Management
   Security Awareness and Training
   Incident Response and Resiliency
   
   

An inherent risk profile, which identifies an institution’s inherent risk based on factors like size, complexity, and business activities.

Cybersecurity maturity, assessing the current state of cybersecurity preparedness across five domains:

• Governance and Risk Management
• Data Security
• Identity and Access Management
• Security Awareness and Training
• Incident Response and Resiliency

The FFIEC CAT is not a compliance tool that guarantees compliance with specific regulations. It is just a tool that helps assess the risks, and its use is voluntary.

Strong cybersecurity requires a collective effort. Talk to the team today to discover how Finite State can help you improve your security posture.