Faster and More Comprehensive Breach Notification Requirements Proposed for Banks | Baker Donelson
To embed, copy and paste the code into your website or blog: The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB), and the Federal Deposit Insurance Company (FDIC), have issued a notice of proposed rulemaking (Proposed Rule) that would require a banking organization to 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, among other things, require banks to notify their primary regulators of a triggering incident as soon as possible, and ...