As noted on the Federal Reserve website: In response to the evolving security threat landscape, the Federal Reserve Banks are implementing a Security and Resiliency Assurance Program (“Assurance Program”). As part of this new program, institutions that use the FedLine® Solutions must:
- Conduct an assessment of their compliance with the Federal Reserve Banks’ FedLine security requirements
- Submit an attestation that they have completed the assessment
All financial institutions are required to confirm full compliance with the mandatory security and controls (v1.0) by reconfirming before the December 31, 2021, deadline.