Christine Tran

Manage Cybersecurity Risks with the RSA Archer FFIEC-Aligned Cybersecurity Framework App-Pack

Blog Post created by Christine Tran Employee on Mar 6, 2019

Recent high profile cyber attacks demonstrate that cyber incidents can significantly affect capital and earnings. Cyber incidents can have financial, operational, legal, and reputational impact. Costs may include forensic investigations, public relations campaigns, legal fees, consumer credit monitoring, and technology changes. As such, cybersecurity needs to be integrated as part of enterprise-wide governance processes.

 

With the increasing volume and sophistication of cyber threats and incidents, the Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool to help financial institutions identify their cyber risks and determine their level of cybersecurity preparedness. This assessment tool incorporates cybersecurity-related principles from the FFIEC's Information Technology Examination Handbook and maps back to the National Institute of Standards and Technology (NIST) Cybersecurity Framework.  The FFIEC developed this framework to help identify factors that contribute to your organization's cyber risks.  By understanding the factors that play into your organization's cyber risk, you can assess your level of preparedness and determine what risk management practices and controls are needed to mitigate and minimize your cyber risks.

 

The RSA Archer FFIEC-Aligned Cybersecurity Framework app-pack aligns with the FFIEC and NIST standards to provide a consistent and repeatable process for determining your organization's inherent risk levels and evaluating your cybersecurity maturity level. Using RSA Archer FFIEC-Aligned Cybersecurity Framework, action plans can be created and tracked to minimize inherent risk levels or achieve a desired cybersecurity maturity level.

 

With the RSA Archer FFIEC-Aligned Cybersecurity Framework offering, financial institutions can assess and measure their cybersecurity posture, address gaps, and report on cybersecurity posture in a meaningful way that is understood by all stakeholders.  

 

RSA Archer FFIEC-Aligned Cybersecurity Framework allows you to:

  • Offer a common language to communicate requirements and progress among stakeholders (internal, partners, contractors, suppliers)
  • Provide a method to understand larger cybersecurity ecosystem
  • Apply FFIEC best practices of risk management to improve cybersecurity and resiliency of critical infrastructure

 

Interested in learning more about the RSA Archer FFIEC-Aligned Cybersecurity Framework app-pack? Join us for a Free Friday Tech Huddle on Friday, March 8 for a live demo. Free Friday Tech Huddles are only available to RSA Archer customers. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller—or visit us at www.rsa.com.

 

Outcomes