Are you ready? The Cybersecurity Assessment Tool

About This Course

Cyber-crime is on the rise; will your firm be ready to fight back? Organizations are spending more time and money on cybersecurity to keep information secure because it is critically important for financial institutions to create and maintain trust with customers and stay in compliance with the law. Listen as Duane explains the installation of the FFIEC’s proposed Cybersecurity Assessment Tool and compare his comments to your firm’s preparedness level.

Course Outline

01. Welcome
Welcome & Objectives

02. Cyber Risk Trends and Background
Cyber Risk Trends and Background

03. FFIEC Cybersecurity Efforts and Assessment Tool
FFIEC Efforts and Assessment Tool

04. Cybersecurity Assessment Tool Summary
Course Summary

Course Instructor

Duane Lee, CFIRS™, CTOP™, AIF®, AFIM™

Duane E. Lee, II serves as an Executive Vice President with Cannon Financial Institute. With extensive expertise in the Fiduciary Services Industry, Duane believes that rules of engagement are not merely guidelines but valuable tools that, when executed properly, drive increased shareholder value, employee performance, and client satisfaction.

Duane has served the financial services industry in various roles. His career highlights include serving as a Board Member of an independent trust company, an Administrative Vice President in charge of trust administration and securities operations at a large regional bank, a Senior Vice President and Trust Executive managing a trust company supporting a seven-member bank holding company, and a National Trust Examiner with the Office of the Comptroller of the Currency. This unique combination of experiences provides both a balanced and focused instructional approach.

In addition to his rewarding career, Duane is an accomplished pilot. He and his wife, Sue, enjoy spending time with their two charming grandchildren and maintain a passion for the outdoors.

Who Should Enroll and Why

Participating in this course will provide you with:

• A review of trends and risks related to Cybersecurity
• An explanation of the steps of the Cybersecurity Assessment Process
• A discussion of the Cybersecurity Domains
• An introduction of the FFIEC Cybersecurity Efforts
• An understanding of why the Assessment was created and how the Assessment works
• A description of the Inherent Risk Profile Levels
• An explanation of how the Assessment Tool works

For Securities Operations Managers, you are interested in knowing how to protect your organization from cyber-attacks. You may ask yourself: Is our organization well prepared? What things could we do better or differently to be better prepared?

For System Administrators or Managers, your focus is on the system and ensuring it runs smoothly and does not have any vulnerabilities. You might be asking yourself: How can we safeguard the system? What can we do to ensure that the records of our customers are safe and secure?

For Risk Managers, your focus is on planning for the future. You are concerned with what can be done differently or better in the future to minimize the risk we’re currently assuming. You might be asking yourself: What can we do better in the future? How can we continue to minimize our current level of risk?

For Compliance Personnel or Officers, your concentration is on the here and now, on what we are doing right now. You might ask yourself: What safeguards do we have in place right now that would guard us against attack?

For Trust Auditors, your attention is on the past and what has been done. You might ask yourself: What have we done well in the past? What about the past can we learn from? What did we the past that we want to change or improve upon? What did we do previously that we want to take into the future?

Education Credits

This course qualifies for the following estimated CE credits:

CE: 2.5 HRS