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

On November 18, 2021, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation jointly announced the approval of a final rule to improve the sharing of information about cyber incidents that may affect the U.S. banking system. The rule applies to banking organizations, including national banks, U.S. bank holding companies, and insured state savings associations, as well as bank service providers....
By: Alston & Bird