An official website of the Commonwealth of Massachusetts
This page, Cybersecurity for the financial services industry, is offered by

Cybersecurity for the financial services industry

Find out about cybersecurity issues threatening your institution. Learn about the types developing a cybersecurity program and cyber incident reporting.

Financial institutions and non-depository institutions depend on technology to deliver services and meet needs of consumers. Growth in connectivity and our mobile lifestyle have led to an increase in cyber crime. The Division of Banks (DOB) recommends all banks, credit unions, and non-depository institutions develop a comprehensive cybersecurity program. It is also important to develop a plan to achieve a level of cybersecurity preparedness that is appropriate for your institution.

The DOB provides resources to strengthen your cybersecurity program. Available resources can help you understand supervisory expectations, increase awareness of cybersecurity risks, and assess and mitigate the risks facing your institution.