Some US agencies have collaborated with The Federal Deposit Insurance Corporation (FDIC) and state banking agencies to develop an information technology (IT) risk examination program, dubbed InTREx.

InTREx is designed to help examiners focus on the latest virtual threats, get alerts to banks and also marshal examiner resources on banks systemically important or most at risk for attacks.

Federal regulators, like the rest of the U.S. government and private sector, is cognizant of the increasing creativity and success of cyber hacking groups, puncturing many of the world’s largest banks, retailers and government data nodes.

As a result, the new examination program “provides supervisory staff with risk-focused and efficient examination procedures for conducting IT reviews and assessing IT and cybersecurity risks at supervised institutions,” according to the report.

Further, under the InTREx program, “comprehensive IT examinations are conducted at institutions that present the highest IT risks and more targeted IT examinations are conducted at institutions with lower IT risks.”