Texas Banks Score Well in First Cyber Benchmark Study
TBA Initiative Helps Banks Gauge Cyber Resilience
AUSTIN, TX – October 2019 –The overall state of cyber resilience in Texas banks is strong, with most banks conducting programs to ensure that they meet or beat the minimum requirements for cybersecurity audits by federal agencies. The risk profile of the Texas banks is relatively low and very well managed by relying heavily on well-established and secure third-party providers.
Those conclusions were drawn from the first-of-its-kind cybersecurity benchmark study of a state’s banking system. The study was recently conducted by the Texas Bankers Association (TBA) and Cybernance Corporation, a private cybersecurity firm. The TBA executives engaged Cybernance to devise and implement an assessment of the cybersecurity resilience and maturity of the statewide banking system.
FFIEC Cat: https://www.ffiec.gov/pdf/cybersecurity/FFIEC_CAT_May_2017.pdf
FSSCC Profile: https://fsscc.org/Financial-Sector-Cybersecurity-Profile