On January 12, 2021, the Office of Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Company, and the Office of Thrift Supervision published a proposed rule that would substantially enhance banking organizations’ notification obligations in response to data security incidents. It 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.”
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Breach Notification Requirements Proposed for Banks Posted on: March 09, 2021 In: Data Privacy & Cybersecurity
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