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...
Spreadsheets have long been the go-to tool for tracking and managing information security tasks. They're familiar, flexible, and easy to share. But in today’s rapidly evolving landscape, where efficiency; compliance; and innovation are key, relying on spreadsheets...
Managing third-party risk, performing access reviews, and completing risk assessments are foundational elements of a sound information security program, especially in the banking industry. But these processes often rely on fragmented, outdated tools like spreadsheets....
It’s been a decade since the Cybersecurity Assessment Toolkit (CAT) was first introduced. For many institutions, especially community banks, it has become a familiar part of their cybersecurity routine. But with the recent decision by regulators to sunset the toolkit...
In today's fast-paced digital workplace, managing employee access to systems is more important and more complicated than ever before. Yet, many organizations still rely on outdated tools like spreadsheets to track who has access each system. While this might have...
With the upcoming sunset of the Cybersecurity Assessment Toolkit (CAT) slated for August, many financial institutions are left wondering: What now? For over a decade, CAT has been the backbone of cybersecurity risk assessments in the banking industry. As we move...
If you're gearing up for your next regulatory exam or audit, it might be time to pause and ask yourself one important question: how many spreadsheets are you using to manage the process? Chances are, it’s more than one. And if that’s the case, it may be time to...
For Financial Institutions, ensuring secure and efficient access management is a top priority. Protecting sensitive financial data, maintaining regulatory compliance, and preventing unauthorized access are critical responsibilities. However, many institutions still...
Preparing for audits and exams can be an unnerving task, especially when spreadsheets are at the heart of the process. While spreadsheets have long been a go-to tool for many organizations, they often come with hidden costs that hinder efficiency. In this blog, we'll...
The Risks of Spreadsheets in Cybersecurity and Why It’s Time to Move On As regulators phase out legacy tools like the Cybersecurity Assessment Toolkit (CAT), it’s the perfect opportunity for institutions to rethink their approaches to governance and risk management....
In an industry where cybersecurity threats continue to evolve, community banks must ensure that governance and oversight processes are airtight. Yet, many still rely on spreadsheets to manage critical security tasks, compliance tracking, and risk assessments. While...
