Federal Agencies Consider Requiring Reporting of Computer Security Incidents
By EsqSocial Corporation 31/12/20
On December 18, 2020, the Office of the Comptroller of the Current (OCC), Federal Reserve Board (FRB), and Federal Deposit Insurance Corporation (FDIC) announced an interagency notice of proposed rulemaking that would require supervised banking organizations to provide notification of significant computer security incidents to their primary federal regulator. Under the proposed rule, for incidents that could result in a banking organization’s inability to deliver services to a material portion...
By: Ballard Spahr LLP