How does the FDIC contribute to improving banks' cybersecurity?

The FDIC plays a vital role in enhancing the cybersecurity of financial institutions by providing guidelines and resources that help banks develop and strengthen their cybersecurity frameworks. This support includes developing best practices, risk management frameworks, and offering tools that allow banks to assess and enhance their cybersecurity posture.

By issuing reports, directives, and industry-wide guidance, the FDIC ensures that banks are aware of the latest threats and effective responses to those threats. This helps foster a proactive approach to cybersecurity, enabling banks to protect sensitive customer information and maintain public confidence in the financial system.

The other options related to hiring experts, regulating technology use, and implementing firewall systems are certainly important aspects of a bank's cybersecurity strategy, but the primary role of the FDIC in this context is to equip banks with the necessary guidelines and resources to make informed decisions about their cybersecurity measures.