Tag: confidentiality
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Federal Agencies Clarify SAR Confidentiality for Banks on Customer Fraud Communications
Federal agencies clarified Suspicious Activity Report confidentiality for banks communicating with customers about fraud. The joint statement aims to guide financial institutions on balancing disclosure with regulatory requirements.
BusinessPolitics and GovernmentFederal GovernmentBankingLegalEconomy Suspicious Activity ReportsFinancial RegulationFraudFinCENOCCConfidentialityOffice 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)