Federal regulators have proposed cybersecurity standards for financial institutions in the Boards. The Office of the Comptroller of the Currency, Federal Reserve Board and the Federal Reserve Insurance Corporation released the Enhanced Cyber Risk Management Standards guidance last week. The proposals focus on areas including cyber-risk governance and management, internal and external dependency management, and incident response and cyber resilience. The plans are open for consultation until January 17.
Federal regulators have proposed cybersecurity standards for financial institutions in the US. The Office of the Comptroller of the Currency, Federal Reserve Board and the Federal Reserve Insurance Corporation released the Enhanced Cyber Risk Management Standards guidance last week. The proposals focus on areas including cyber-risk governance and management, internal and external dependency management, and incident response and cyber resilience. The plans are open for consultation until January 17.