22 October 2017
visit www.response.ncr.com

FDIC warns banks to update software patches

29 May 2003  |  3687 views  |  0 FDIC warns banks to update software patches

The US Federal Deposit Insurance Corporation (FDIC) is issuing guidance to financial institutions about the importance of maintaining an effective computer software patch management programme.

The guidance provides background information on the risks associated with software vulnerabilities and how they can be mitigated through an effective patch management programme.

The FDIC says that during the past year, many companies, including some financial institutions, have experienced security breaches that could have been prevented through the timely identification and patching of software vulnerabilities.

Although software vendors often develop an update - or patch - to correct identified weaknesses, it is the software user's responsibility to update systems or install patches in a timely manner.

To read the full guidance: Guidance on Developing an Information System Patch Management Program to Address Software Vulnerabilities

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Banks should curtail their use of Passport - Gartner

Banks should curtail their use of Passport - Gartner

19 May 2003  |  4840 views  |  0 comments
External threat to bank IT security

External threat to bank IT security

16 May 2003  |  7637 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13234 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12253 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9549 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9154 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8571 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job