We do have Cyber Insurance as part of our overall insurance package and in our recent exams got the strong impression that if we didn't have it that would be a problem. There hasn't been a lot of discussion from the examiner side about what specifically needed to be covered under Cyber Insurance but they definitely wanted to see that you had it.
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Andrew Hancock
Regional President
FirstBank
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Original Message:
Sent: 04-16-2018 11:56
From: John Ezell
Subject: Cyber Insurance
I'm surprised to see The FFIEC issue a join statement on the "potential" role in risk management of cyber insurance. Are there many bankers you speak with who don't have that in their insurance package? Or, many IT examiners who don't expect it?
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John Ezell
Senior VP & Cashier
Redstone Bank
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------------------------------
Andrew Hancock
Regional President
FirstBank
------------------------------
-------------------------------------------
Original Message:
Sent: 04-16-2018 11:56
From: John Ezell
Subject: Cyber Insurance
I'm surprised to see The FFIEC issue a join statement on the "potential" role in risk management of cyber insurance. Are there many bankers you speak with who don't have that in their insurance package? Or, many IT examiners who don't expect it?
------------------------------
John Ezell
Senior VP & Cashier
Redstone Bank
------------------------------
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