September 22, 2023


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Federal Bank Regulatory Agencies Release Final Rule to Require Notification of Cyber Incidents

On November 18, 2021, the Business office of the Comptroller of the Forex, the Board of Governors of the Federal Reserve Process, and the Federal Deposit Coverage Company jointly introduced the acceptance of a final rule to boost the sharing of details about cyber incidents that may perhaps affect the U.S. banking program. The rule applies to banking businesses, such as nationwide banks, U.S. financial institution holding firms, and insured state personal savings associations, as perfectly as financial institution provider suppliers….
By: Alston & Chicken