Data Privacy & Cybersecurity Blog Posts From November 2021
Blog: Banking Organizations & Bank Service Providers Subject to New Computer-Security Incident Notification Rule
Date: November 24, 2021
Title: Banking Organizations & Bank Service Providers Subject to New Computer-Security Incident Notification Rule
Summary: On November, 18, 2021, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency issued a joint final rule to establish computer-security incident notification requirements for banking organizations and their bank service providers. The final rule's new definition narrows the focus to those incidents most likely to materially and adversely affect BOs, while still retaining general consistency with the NIST definition....