Third-Party Cybersecurity Strategies Critical to Preparedness

This article examines the guidelines published by Board of Governors of the Federal Reserve System on managing outsourcing risk, along with the Office of the Comptroller of the Currency (OCC) 2013 OCC Bulletin 2013-29 and the supplemental Jan. 24, 2017, examination procedures, which are designed to help bank examiners tailor the examinations of national banks and federal savings associations determine the scope of the third-party risk management examination.

16 minute readAugust 01, 2017 at 12:07 AM
By
David F. Katz, Richard D. Smith, Elizabeth K. Hinson, Jason Mark Anderman
Sarah Statz
Third-Party Cybersecurity Strategies Critical to Preparedness

Understanding third-party service provider relationships and the security risks they present to any organization is an essential element of cybersecurity planning. Bad actors continue to exploit the risks presented by

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