Tag: bank_examinations
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Federal Banking Agencies Issue Joint Statement on Handling Sensitive Data During Examinations
The OCC, Federal Reserve, and FDIC issued a joint statement on handling highly sensitive information during bank examinations. It outlines a coordinated approach to identify and minimize sensitive data collection, committing to notify banks of material data breaches within 72…
BusinessPolitics and GovernmentBankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal ReserveFederal Deposit Insurance CorporationBank ExaminationsHighly Sensitive InformationData SecurityData Breach NotificationOffice of the Comptroller of the Currency (OCC)
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Bank Regulators Enhance Security for Sensitive Information During Examinations
Federal bank regulators issued a joint statement on enhanced security for highly sensitive information during bank examinations. Procedures include on-site review and a commitment to notify banks of data breaches within 72 hours, aiming to reduce cybersecurity risks and protect…
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Bank ExaminationsHighly Sensitive InformationCybersecurityData BreachFederal Bank Regulatory AgenciesConfidentialityBanking & FinanceOffice of the Comptroller of the Currency (OCC)
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Federal Reserve Announces Joint Statement on Sensitive Bank Data
The Federal Reserve Board announced a joint statement from agencies on managing highly sensitive information during bank examinations, addressing critical data handling procedures within the banking sector.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Federal ReserveBank ExaminationsSensitive InformationJoint StatementFinancial RegulationRegulatory AgenciesU.S. Federal Reserve