FFIEC Issues Joint Statement: Cyber Insurance and Its Potential Role in Risk Management Programs
Summary:
The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached statement addressing factors to consider regarding cyber insurance.
Statement of Applicability to Institutions with Total Assets Under $1 Billion:
This Financial Institution Letter applies to all FDIC-supervised institutions.
Suggested Distribution:
FDIC-Supervised Banks (Commercial and Savings)
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