FDIC Emphasizes Corporate Leadership to Address the Key Risk Management Issues Raised by Cybersecurity and Marketplace Lending

May 2016 (Originally Published February 3, 2016)
Pratt's Privacy & Cybersecurity Law Report

On February 1, 2016, the FDIC issued Financial Institution Letter 9-2016 announcing the publication of its Supervisory Insights issue for Winter 2015. In addition to the regular Regulatory and Supervisory Roundup that summarizes recently released regulations and supervisory guidance, this edition of Supervisory Insights includes articles on two hot topics for financial institutions and regulators alike: cybersecurity and marketplace lending. The two articles were prepared by the fraud and financial crimes and risk management staff of the FDIC, respectively. In each article, the FDIC emphasizes that the challenges and opportunities banks face must be addressed at an organizational level with the leadership and involvement of the board of directors.

This edition of To the Point! was republished by Pratt's Privacy & Cybersecurity Law Report in its May 2016 issue. Click here to read the republished article. 

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