Governance & Risk Management , NIST Standards , Standards, Regulations & Compliance

Why Banking Needed a New Cybersecurity Profile

Josh Magri of the Bank Policy Institute Outlines Key Elements
Josh Magri, SVP, counsel for regulation and developing technologies, Bank Policy Institute

The Financial Services Sector Coordinating Council recently unveiled its new Cybersecurity Profile - a framework that integrates widely used standards and supervisory expectations to help financial institutions develop and maintain cyber risk management programs. Josh Magri of the Bank Policy Institute outlines key elements of this new initiative.

See Also: OnDemand | Protect and Govern Sensitive Data

In a video interview at Information Security Media Group's recent Legal & Compliance Summit in New York, Magri discusses:

  • The need for this new profile;
  • How it will play a role in future examinations;
  • The profile's possible future in other nations.

Magri is senior vice president and counsel for regulation and developing technologies at the Bank Policy Institute. Previously, he served in a similar role at the Financial Services Roundtable/BITS.

About the Author

Tom Field

Tom Field

Senior Vice President, Editorial, ISMG

Field is responsible for all of ISMG's 28 global media properties and its team of journalists. He also helped to develop and lead ISMG's award-winning summit series that has brought together security practitioners and industry influencers from around the world, as well as ISMG's series of exclusive executive roundtables.

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