On June 30, 2015, the Federal Financial Institutions Examination Council – an interagency body composed of the US Board of Governors of the Federal Reserve System, the FDIC, the US National Credit Union Administration, the US Office of the Comptroller of the Currency, and the US Consumer Financial Protection Bureau – announced its release of a Cybersecurity Assessment Tool. The tool, together with other resources made available by the FFIEC to financial institutions, is available for all financial institutions regardless of asset size and is intended to aid senior management and boards of directors of financial institutions to assess cybersecurity risk and preparedness.

The Federal Reserve Board press release is available at: http://www.federalreserve.gov/bankinforeg/srletters/sr1509.htm and the cybersecurity assessment tool is available at: http://www.ffiec.gov/cyberassessmenttool.htm