10/26/15

Financial Services Alert: Cybersecurity Awareness - FDIC Teleconference

Attorneys & Professionals

With cybersecurity as THE hot button issue in bank and thrift risk management right now, and of course to help the industry celebrate “National Cybersecurity Awareness Month” (who knew?), bankers and their boards should take advantage of the FDIC informational teleconference on cybersecurity issues being held on October 28, 2015.

Click here for a link to the FDIC announcement of the teleconference. Attendees should note their attendance in the minutes of the next ensuing board meeting to demonstrate their attention to this very important topic.

We continue to believe that this topic will be very high on the priority list of examination issues, not to mention potential liability issues, for institutions and their boards. It is important to become aware of the issues and risks, and to take advantage of any learning and preparation activities available.

If you have any questions, please contact your Vorys lawyer or Jeff Smith (jesmith@vorys.com or 614.464.5436) or Kim Schaefer (kjschaefer@vorys.com or 513.723.4068).