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Cyber Mandates for Big Banks Would Build on Earlier Guidance

Federal Reserve and two other regulators published proposed cybersecurity mandates for big banks. Proposed federal cybersecurity standards for the nation’s largest banks aim to mandate how banks must address risk management, business continuity and incident response. Regulators also want service providers used by banks and/or those linked to the financial infrastructure, such as payments processors, to be held to the same cybersecurity requirements that the banks they work with are. It could be a year or more before we see a final version of the proposed standards.”]

Source: https://www.cuinfosecurity.com/blogs/cyber-mandates-for-big-banks-would-build-on-earlier-guidance-p-2301

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