Finosec, an ICBA ThinkTECH Accelerator alumnus, today announced the launch of the Finosec Cybersecurity Assessment Tool, developed for community banks navigating the sunset of the FFIEC Cybersecurity Assessment Tool (CAT) in August.
Finosec’s assessment tool provides a practical, forward-looking alternative to the FFIEC CAT, which has served as a standardized framework for assessing cybersecurity risk and preparedness in the banking sector.
“Community bankers need a trusted, easy-to-use resource that not only replaces the CAT but reflects the realities of community banking,” said Zach Duke, CEO, Finosec. “We’ve worked closely with ICBA to ensure this tool simplifies the cybersecurity assessment process while incorporating examiner expectations, industry best practices, and a framework for automating documentation. It elevates cybersecurity governance and focuses on the unique landscape of community banks.”
Key benefits of the Finosec Cybersecurity Assessment Tool include the ability to:
- Import existing FFIEC CAT data to streamline the transition process.
- Update inherent risk questions to accurately assess risk levels.
- Employ enhanced controls aligned with CIS, NIST, and FFIEC frameworks.
- Maintain executive-level reporting for clear oversight and alignment among boards and leadership
“This offering reflects our shared goal to create workable solutions that solve for real and present needs,” ICBA Senior Executive Vice President, Innovation Kevin Tweddle said. “By combining practical innovation with regulatory alignment, Finosec is helping community banks stay ahead of evolving expectations while making the process simpler, smarter, and purpose-built for their operations.”
