Federal regulators have proposed cybersecurity standards for financial institutions in the US. The proposal is part of a broader effort to improve cyber security, and it comes as President Donald Trump has called on Congress to pass legislation that would create new rules governing how companies handle sensitive personal information. 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.