The Financial Services Sector Cybersecurity Profile
The Financial Services Sector Cybersecurity Profile is a scalable and extensible assessment tool designed to help financial institutions manage cyber risks and demonstrate regulatory compliance. It is based on the NIST Cybersecurity Framework and offers a tailored approach to streamline cybersecurity assessments globally.
Launched on October 25, 2018, the Financial Services Sector Cybersecurity Profile is a collaborative effort among financial institutions, vendors, and trade groups. It provides diagnostic assessment statements tailored to institutions' risk profiles, reducing the time required for comprehensive cybersecurity assessments while aligning with various regulatory frameworks. Regulators have welcomed its potential to enhance transparency and reduce systemic risk. The Profile is updated every two to three years by a coalition of stakeholders, ensuring alignment with new supervisory requirements and global standards like those from NIST and ISO.
