Finding #1

Formatted Text *

Absence of Monthly Vulnerability Scanning and Remediation

Severity Level: Priority 3
Category: IT Security / Vulnerability Management
Description:
The organization does not conduct monthly vulnerability scanning or patching, leaving systems exposed to known vulnerabilities.

Impact:

  • Increased risk of exploitation from unpatched vulnerabilities.
  • Non-compliance with vulnerability management standards, risking penalties.
  • Potential data breaches and operational disruptions.
  • Reputational damage from security incidents.

FFIEC Reference:

  • FFIEC IT Examination Handbook (November 2016):
    • “Regular vulnerability scanning and patching are required to mitigate risks.” (p. 19)
    • “Institutions must prioritize vulnerabilities based on severity.” (p. 20)

Recommendations:

  • Deploy Scanning Tools: Implement monthly vulnerability scanning solutions.
  • Establish Patching Schedule: Create a process for timely patching of identified vulnerabilities.
  • Prioritize Risks: Evaluate vulnerabilities based on severity and impact.
  • Audit Compliance: Conduct regular audits to ensure scanning and patching adherence.
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