risk appetite – Compliance Guru • FFIEC Guidance

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By Tom Hinkel | In Ask the Guru

Ask the Guru: Cybersecurity “Risk Appetite”

Hey Guru I saw multiple references to the term “risk appetite” in the FFIEC Cybersecurity Assessment Tool. What exactly is risk appetite, and how can I address this in my institution? They just released Management Handbook contains 10 new references to “risk appetite”, including a requirement that the Board has defined the institution’s risk appetite and it’s risk tolerance levels. […]