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The Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool, which can be used as a self-assessment tool for identifying a bank or financial institution's cybersecurity maturity.

a. True
b. False

User Divyansh Goenka
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1 Answer

21 votes
21 votes

Answer:

a. True

Step-by-step explanation:

Cyber security can be defined as preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.

The Federal Financial Institutions Examination Council (FFIEC) is an interagency of government that was established on the 10th of March, 1979. FFIEC is saddled with the responsibility of developing the Cybersecurity Assessment Tool, which is then used as a self-assessment tool for identifying the maturity of a bank's or financial institution's cybersecurity.

User Jimbo Jonny
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