In today’s complex regulatory environment, it’s not enough to simply operate with integrity—financial institutions must also have a comprehensive understanding of regulatory compliance to ensure they operate within legal boundaries and maintain good faith and trust.
This network of rules is a living concern that changes constantly, and leaders throughout the financial industry—from the C-suite to IT department—are responsible for keeping an eye on the latest developments.
Arctic Wolf, a cybersecurity partner of C Spire Business dedicated to protecting organizations by detecting and responding to cyber threats, has prepared the following resource for financial industry professionals tasked with maintaining regulatory compliance.
Synopsis: Arctic Wolf Simplifies Compliance for FFIEC-NCUA
The Federal Financial Institutions Examination Council (FFIEC) is the inter-agency body of the United States government empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions.
Complying with FFIEC/NCUA guidance can be a challenge for financial institutions that have limited resources, but Arctic Wolf helps organizations meet many of the FFIEC/NCUA requirements with a turnkey security operations solution.
In addition, the FFIEC's own Cybersecurity Resource Guide for Financial Institutions provides financial professionals with a guide to official resources.
By prioritizing regulatory compliance and implementing effective measures to manage compliance risks, financial institutions can uphold their legal obligations, protect their reputation, and maintain the trust and confidence of stakeholders.
