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Comments due: FDIC, Federal Reserve, OCC (proposed rule; incident notification)

April 12

The Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Office of the Comtroller of the Currency (OCC) propose to require that a banking organization provide its primary federal regulator with prompt notification of any “computer-security incident” that rises to the level of a “notification incident.” The proposed rule would require such notification upon the occurrence of a notification incident as soon as possible and no later than 36 hours after the banking organization believes in good faith that the incident occurred. This is intended to serve as an early alert and not intended to provide an assessment of the incident. Bank service providers are also addressed.

Reg lookup: Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers


April 12
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