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Hello. I’m Valerie Abend, Chair of the Cybersecurity and Critical Infrastructure Working Group of the Federal Financial Institutions Examination Council. Last year, the FFIEC hosted a webinar for community institutions’ CEOs during which we highlighted some of the cyber threat actors and key ways for senior management to help their institutions with mitigating the risks, including the importance of information sharing. In this webinar, on behalf of the FFIEC, I will highlight some of the key trends in cyber threats, what the FFIEC has been doing to help institutions address these trends, and explain the FFIEC Cybersecurity Assessment Tool. Let’s begin by looking at some of the cyber risk trends. One of the top trends that we’ve learned is that existing vulnerabilities continue to be exploited. Approximately 90% of successful attacks are exploiting known vulnerabilities for which there are risk mitigations, such as patches, that are readily available. We’ve also learned that n

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