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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. It involves using software to analyze both structured and unstructured data (i.e., Credit Decisions.

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Bank regulators mull stricter rules for reporting of data breaches

American Banker

It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A proposal to be unveiled this week could establish a more specific notification deadline.

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Chinese Hackers Stole Living Will Data from FDIC, Lawmaker Claims

American Banker

The resolution plan data was accessed as part of a breach that initiated in October 2010 and continued for an extended period of time, eventually infecting the workstations of then FDIC Chairman Sheila Bair as well as other top agency officials.

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Chinese Hackers Stole Data from FDIC, Lawmaker Claims

American Banker

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

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FBI Investigating FDIC Cyberattack Linked to China: Report

American Banker

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — — believed to have originated in China — is reportedly the subject of an FBI investigation.

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Banks would have 36 hours to report cyberattacks under proposed rules

American Banker

Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades.

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FDIC's Gruenberg Called to Capitol Hill Over Cyber Breaches

American Banker

WASHINGTON -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

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