Federal Regulators Focus on Minimum Cyber Standards For Banks

Image Source: Google Images

Image Source: Google Images

A new set of federal banking regulations are on the horizon aimed at helping financial institutions put in place minimum compliance standards to prevent future cyber-attacks.

Bloomberg Law has reported that the Federal Reserve, along with the Office of the Comptroller of Currency (“OCC”) and the Federal Deposit Insurance Corp. (“FDIC”), are working together to develop the standards.

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