Cyber and Technology Risk Management Forum, Park City, UT

Status of Cybersecurity (Our Communities are the Target)

• The persistent threat of attacks is a societal issue • The national dialog needs to increase • Bankers are community leaders • Action Items: • Speak up to your managers with new ideas • Encourage bankers to speak on cyber threats • Encourage promotion of Cyber Security Awareness Month (October)

Status of Cybersecurity (Cont.) • Cyber threats continue to advance (Mirai botnet, Ransomware, ATM Jackpotting, SWIFT thefts).

• Cyber Initiatives Have Stalled • No significant FFIEC initiative • since the CAT in June 2015 • Banks, especially smaller ones, have reverted to a compliance thinking. • State bank regulators, with a few exceptions, are focused on credit quality.