FINRA is responsible for enforcing cybersecurity compliance in the finance and banking sector in the United States.

The primary goal of cybersecurity compliance in the finance and banking sector is to protect customer data from unauthorized access, prevent financial fraud, and ensure the integrity of financial transactions.

The NIST Cybersecurity Framework is commonly used by financial institutions to comply with regulatory requirements.

Most financial institutions require a minimum password length of 12 characters.

DDoS attacks are not a common cybersecurity threat faced by financial institutions.

Financial institutions are typically required to report a data breach to affected customers within 72 hours.

Intrusion detection systems are not a common cybersecurity control used by financial institutions to protect customer data.

The purpose of a cybersecurity incident response plan is to define the roles and responsibilities of personnel, establish procedures for detecting and responding to cybersecurity incidents, and provide guidance on how to communicate with customers and regulators in the event of a cybersecurity incident.

Providing cybersecurity training to employees is not a common regulatory requirement for cybersecurity compliance in the finance and banking sector.

The maximum penalty that a financial institution can face for violating cybersecurity regulations is $5,000,000.

Ignoring cybersecurity vulnerabilities is not a common best practice for cybersecurity compliance in the finance and banking sector.

The purpose of a cybersecurity risk assessment is to identify and assess cybersecurity risks, develop and implement cybersecurity controls, and monitor and review cybersecurity controls.

Intrusion detection systems are not a common cybersecurity control used by financial institutions to protect customer data.

The purpose of a cybersecurity incident response plan is to define the roles and responsibilities of personnel, establish procedures for detecting and responding to cybersecurity incidents, and provide guidance on how to communicate with customers and regulators in the event of a cybersecurity incident.

Providing cybersecurity training to employees is not a common regulatory requirement for cybersecurity compliance in the finance and banking sector.

The maximum penalty that a financial institution can face for violating cybersecurity regulations is $5,000,000.