Federal Banking Regulators Issue 36-Hour Cybersecurity Breach Notification Requirement

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Monday, February 7, 2022
12:00 PM - 12:30 PM ET
11:00 AM - 11:30 AM CT
09:00 AM - 09:30 AM PT

In November, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve Board of Governors (FRB) jointly issued a final rule that requires a federally regulated bank to notify its primary federal regulator within 36 hours after determining that a computer-security “notification incident” has occurred. This presentation will provide a brief overview of the new notice requirement, applying to banking organizations and service providers starting in April 2022.

CLE credit: CLE credit in CA, FL, IL, NJ (via reciprocity), NY, PA, TX, and VA is currently pending approval.