Cyber Security Assessment

description

E3 has helped many financial institutions understand and manage their cyber security risk through the use of the Federal Financial Institutions Examination Council (FFIEC) developed Cybersecurity Assessment Tool. The CAT provides a repeatable and measurable process for financial institutions to measure their cybersecurity preparedness over time. 

TESTING OBJECTIVES

The CAT consists of two parts:

1. Inherent risk profile

2. Cybersecurity maturity

The Inherent Risk Profile identifies the institution’s inherent risk before implementing controls. The Cybersecurity Maturity includes domains, assessment factors, components, and individual declarative statements across five maturity levels to identify specific controls and practices that are in place. While management can determine the institution’s maturity level in each domain, the CAT is not designed to identify an overall cybersecurity maturity level.

The assessment covers the institution’s inherent risk profile based on five categories:

• Technologies and connection types

• Delivery channels

• Online/mobile products and technology services

• Organizational characteristics

• External threats

Next, the assessment evaluates the institution’s cybersecurity maturity level for each of the five domains:

• Cyber risk management and oversight

• Threat intelligence and collaboration

• Cybersecurity controls

• External dependency management

• Cyber incident management and resilience