FDIC Eval-17-004 eBook

In February 2017, the Office of the Inspector General (IG) of the FDIC issued Eval-17-004 after evaluating technology service provider (TSP) contracts in relation to the third party vendor management responsibilities for its insured and supervised financial institutions.

 

The report focused on TSP business resiliency, cybersecurity readiness and responsibility, and use of subcontractors (fourth party vendors). Each of these key aspects were previously detailed in the FFIEC’s 2015 Appendix J addition to the examination handbook.

 

Download this eBook to learn how this evaluation should be considered in future contract negotiations with your technology service providers (TSPs).

 

Download the eBook now to learn more!