Inherent Risk and Cybersecurity Maturity
The Cybersecurity Assessment Tool (CAT) was developed to help banks and credit unions identify their risks and determine their cybersecurity preparedness with a repeatable and measurable process. It helps financial institutions weigh specific risks such as gaps in IT security, versus controls or solutions aimed to prevent, detect and respond to these threats and determine areas for improvement. Before leveraging the CAT however, banks and credit unions need to understand its two parts, inherent risk and cybersecurity maturity.
This white paper covers the information financial institutions need to know in order to understand and complete the CAT.