Why Banking Needed a New Cybersecurity ProfileJosh Magri of the Bank Policy Institute Outlines Key Elements
The Financial Services Sector Coordinating Council recently unveiled its new Cybersecurity Profile - a framework that integrates widely used standards and supervisory expectations to help financial institutions develop and maintain cyber risk management programs. Josh Magri of the Bank Policy Institute outlines key elements of this new initiative.
In a video interview at Information Security Media Group's recent Legal & Compliance Summit in New York, Magri discusses:
- The need for this new profile;
- How it will play a role in future examinations;
- The profile's possible future in other nations.
Magri is senior vice president and counsel for regulation and developing technologies at the Bank Policy Institute. Previously, he served in a similar role at the Financial Services Roundtable/BITS.