The Federal Financial Institutions Examination Council has released a Cybersecurity Assessment Tool to help financial institutions identify cybersecurity risks and evaluate their preparedness to address them.  The Assessment is designed to inform and enhance financial institutions’ risk management strategies, and will be updated as financial institutions’ vulnerabilities and cyber threats evolve over time.  Along with the Assessment Tool itself, the FFIEC released a companion “Overview for Chief Executive Officers and Boards of Directors” and explanatory guides to ease the process of using the Tool.  Institutions will be able to provide comments on the Assessment Tool after a notice is published in the Federal Register.