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FDIC cyber risk examinations need work: Inspector general

American Banker

Cyber security Regulation and compliance

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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.

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Regulators urge banks to strengthen customer authentication

American Banker

FDIC Federal Reserve OCC Cyber security

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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. FDIC Cyber security Data breaches Capital One

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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. FDIC OCC Cyber security Cyber attacks Data breaches

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FBI Investigating FDIC Cyberattack Linked to China: Report

American Banker

breaking_news bank-technology cyber-security data-breach fdic law-regulationA 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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FDIC's Gruenberg Called to Capitol Hill Over Cyber Breaches

American Banker

bank-technology breaking_news fdic cyber-security data-breach law-regulationWASHINGTON -- 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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Chinese Hackers Stole Data from FDIC, Lawmaker Claims

American Banker

bank-technology cyber-security data-breach fdic law-regulationHackers 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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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. bank-technology cyber-security data-breach fdic law-regulation

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FDIC Created False 'Narrative' on Cybersecurity Incident, Lawmakers Charge

American Banker

fdic cyber-security law-regulationLawmakers investigating a slate of cybersecurity breaches at the Federal Deposit Insurance Corp. have accused agency staff of purposefully muddying the waters in an effort to evade Congressional scrutiny.

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New York Proposes Cybersecurity Requirements for Banks

American Banker

Andrew Cuomo on Tuesday announced the proposal of a state regulation requiring banks to develop and maintain a cybersecurity program. breaking_news bank-technology fsoc fed occ fdic cyber-security law-regulationNew York Gov. The plan, the first of its kind in the nation, could have far-reaching effects on some of the nation's largest banks.

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Will a Cyberattack Cause the Next Big Bank Failure?

American Banker

Regulators need to start paying attention to "denial-of-system" attacks as one of the triggers that could bring down a systemically important institution. bank-technology national-regional cyber-security data-breach fdic fed sifi-tbtf fsoc law-regulation

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Betting the Bank on Your IT Experts

Strategically Speaking

The stakes of this game are rising, however, because of increased sophistication of cyber-attacks, regulatory scrutiny around how banks are managing IT environments, and the growing number of governing entities with their fingers in the compliance pie. As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.