TraceRiskSILOComplianceCybersecurity Guide!

Cybersecurity Guide!

Data breaches resulting in the compromise of personally identifiable information affects of thousands of Americans. Intrusions into financial, corporate and government networks are no longer rare or isolated incidents. Complex financial schemes committed by sophisticated cyber criminals against businesses and the public in general are now commonplace. These are just a few examples of crimes perpetrated online over the past year or so, and part of the reason why FBI Director James Comey, testifying before Congress last week, said that “the pervasiveness of the cyber threat is such that the FBI and other intelligence, military, homeland security, and law enforcement agencies across the government view cyber security and cyber attacks as a top priority.” The FBI, according to Comey, targets the most dangerous malicious cyber activity—high-level intrusions by state-sponsored hackers and global cyber syndicates, and the most prolific botnets. And in doing so, we work collaboratively with our domestic and international partners and the private sector.

Financial institutions, regardless of size, are particularly vulnerable to cyber attacks and that’s why it’s so important to assess your risks in this critical area of your operations. To assist you in this effort TraceRisk has developed a Cyber Security Risk Management Guide. Our clients have found it to be very helpful and, just like we do for our ERM clients, we’re making it available to you FREE OF CHARGE! A copy of the Table of Contents is attached so you can see what is covered.

Guide to Developing a Cyber Security and Risk Mitigation Plan
A Community Bank White Paper from TraceRisk™

Table of Contents
Target Audience
Building a Risk Management Program
Appointing Leadership
Establishing a Risk Management Framework
Defining the System
Cyber Asset Identification and Classification
Identifying Critical Cyber Assets (Additional Guidance URLs)
Classifying Cyber Assets
Personally Identifying Information (PII)
Identifying the Electronic Security Perimeter (ESP) Protecting Cyber Assets
Conducting a Vulnerability Assessment (Additional Guidance URLs)
Assessing and Mitigating Risks
Assessing Impact and Risk Levels
Mitigating Risks with Security Controls (Additional Guidance URLs)
Evaluating and Monitoring Control Effectiveness
Addressing People and Policy Risks
Cyber Security Policy
Security Policy Elements
Security Related Roles and Responsibilities
Policy Implementation and Enforcement
Policy Exceptions (Additional Guidance URLs)
Personnel and Training
Security Awareness and Training (Additional Guidance URLs)
Due Diligence in Hiring
Access Privileges
Operational Risks
Perform Periodic Risk Assessment and Mitigation
Enforce Access Control, Monitoring and Logging
Perform Disposal or Redeployment of Assets (Additional Guidance URLs)
Enforce Change Control and Configuration Management
Conduct Vulnerability Assessments (Additional Guidance URLs)
Control, Monitor and Log all Access to Assets
Configuration and Maintenance (Additional Guidance URLs)
Incident Handling (Additional Guidance URLs)
Contingency Planning (Additional Guidance URLs)
Insecure Software Development Life Cycle (SDLC) Risks
Physical Security Risks
Plan and Protection
Monitoring, Logging and Retention
Maintenance and Testing
Third Party Relationships
Addressing Technology Risks
Network Risks
Platform Risks
Application Layer Risks
Communications Systems
Supervisory Control and Data Acquisition (SCADA)
Identifying and Protecting Private Data (Additional Guidance URLs)
Steps in Vulnerability Assessments
Incident Response Planning Items
Disaster Response Planning Items
Glossary and Appendices