Federal Financial Regulators Propose Rule Accelerating Cyber Threat Reporting Requirements

In December 2020, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking (the Proposal) that would require bank organizations and their service providers to notify federal financial regulators just 36 hours after experiencing cyber threats and other computer-security incidents....
By: Snell & Wilmer

Array