Deputy Seminar, Chicago, IL

Status of Cybersecurity • The persistent Internet attacks are a societal issue. • Attacks are more frequent, more advanced, and techniques more available. (Ransomware, SWIFT)

• Cyber Initiatives Have Stalled • No significant FFIEC initiative since June 2015

• “Small banks”, have reverted to a compliance thinking • Many state bank regulators are focused on credit quality, not safe & sound operations.

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