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Aimed at reducing risks to critical information technology infrastructures, The National Institute of Standards and Technology (NIST) released a new recommended cybersecurity framework. At this time the framework is not mandatory for financial institutions, but is supported by many national industry associations and regulatory bodies.
Regardless of your organization’s size, degree of cybersecurity risk or sophistication implementing this new framework will allow the institution to apply the principles and best practices of risk management to improve security and resilience of your critical infrastructures.
Designed to form an operational culture that addresses the dynamic of cybersecurity risks, the framework’s core includes five functions supporting related business activities:
For more information on how to implement this cybersecurity framework into your financial institution, contact our IT Assurance and Security Group specialists in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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