Cyber Incident Response Plans for Community Banks

Recorded on January 20, 2016   |   With Rayleen Pirnie

Cyber Incident Response Plans for Community Banks

With Rayleen Pirnie
  • 1 Video
  • 3 PDFs
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

Cyber-attacks and breaches dominate the media and are a significant focus of Regulators. Community banks are faced with the grim reality that a cyber-attack is inevitable; they are under siege by sophisticated attacks that often are financially driven.

Community banks need a plan of action that extends far beyond a Disaster Recovery or Business Continuity Plan. They also need a Cyber Incident Response Plan; a tested, documented set of special procedures for continuing business when criminals don't want you to while balancing customer service. Cyber Incident Response Plans today have to consider a myriad of possible cyber-attacks and breach methods to ensure staff are prepared to mitigate unique threats, continue processing payments, and secure customer information.

This session analyzes critical components of a community bank's Cyber Incident Response Plan and provides recommendations on how to prepare all staff for when the inevitable situation occurs. From internal considerations to your external solution providers, get a realistic view of how a cyber-attack can quickly spiral a typical day into complete chaos and financial loss without proper planning.

This session is appropriate for all institution staff; we all play a critical role in protecting the bank and account holders.

In this webinar, attendees will:

  • Learn about the unique challenges a cyber-attack has on a community bank.
  • Recognize areas where there is a need to balance security with customer service.
  • Identify the individuals who contribute to a strong Incident Response Team.
  • Isolate the critical components of Cyber Incident Response Plans, from Risk Assignment to assigning proper controls to risk.
  • Outline a communications strategy.
  • Understand the importance of War Games.
  • Categorize available resources for Plan development. Take-away:
  • Attendees will receive a Cyber Incident Response Plan Checklist to take back to the Incident Response Team to ensure all areas have been addressed.

Prerequisites: A basic understanding of cyber-crimes commonly committed against community banks. This session will not cover threats.

Risk Management, Vendor Management, Operations, Audit / Compliance, Information Security, Bank Management

Course Curriculum

Cyber Incident Response Plans for Community Banks, Presented by Rayleen Pirnie
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Rayleen Pirnie
Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. Her programs help organizations identify and mitigate risk and exposure from multiple disciplines. She is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP) who has worked with all payment systems for 20 years. Rayleen holds a Bachelor of Science in Criminal Justice Administration.