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Monthly Archives: January 2020
Banking Regulators Issue Joint Statement on Heightened Cybersecurity Risk
On January 16, 2020, the FDIC and OCC issued a joint statement (FDIC FIL-3-2020 , OCC Bulletin 2020-5) to remind banks of sound cybersecurity risk management principles. The statement observes, “Cyber actors often use malware to exploit weaknesses in a [bank’s] … Continue reading
Posted in BANKING & FINANCE, CORPORATE, INSURANCE, INTERNATIONAL, LITIGATION
Tagged Business Continuity Plans, Cyber Insurance, Cybercrime, Cybersecurity, Data Breach, Data Protection, Data Recovery, FDIC, Funds Transfer, Identity Management, IT, Malware, Multifactor Authentication, OCC, Risk Management, Salvatore Scanio, Social Engineering, UCC Article 4A
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