Recorded: May 19, 2015

Length: 60 Minutes

Have your Technology Service Providers (TSP) addressed the risk of cyber-attack and do they have a specific plan for recovery? Do your TSPs have the proper testing strategies in place to simulate and respond to a cyber-attack? Are you comfortable with the information you receive regarding Business Continuity Plan (BCP) testing or do you think you should physically participate?

Banks must be able to recover critical IT systems and resume normal business operations regardless of whether a process is supported in-house or at a TSP. The increasing sophistication and volume of cyber-attacks now requires banks and their TSP's to address cyber threats in their BCP.

This webinar presents the new requirements related to DR/BCP in Appendix J of the FFIEC's DR/BCP Booklet.

In this session you will learn:

• The four key updates in Appendix J
• How this new information impacts you in managing your TSPs
• Some of the cyber risks/threats that both you and your TSP must be prepared for
• Strategies that should be in place to ensure cyber resilience

A checklist for the new requirements will be provided and can be used to augment your current Vendor Management Program for outsourcing technology services.

Presenter: Karen Livingstone CPA, CISA, CIA, CRMA, AMLCA

Karen is a contemplative and passionate executive with 20+ years' experience in providing risk management, audit, and regulatory compliance services. She has practical experience in helping financial institutions comply with the various aspects of FFIEC, OCC, FDIC and NACHA regulations impacting controls and processes related to the integrity and security of IT systems, processes, and people. Karen also has expertise with other best practice guidelines and frameworks provided by NIST, ISO, COSO and COBIT.

1 CPE Credit

Program Level: Basic-Intermediate

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