Federal banking regulators propose tough new standards to bolster cybersecurity at the nation’s largest banks. The proposed standards are aimed at institutions with $50 billion or more in assets. They will be finalized after a comment period that ends Jan. 17. No timeframe has been set for when the new standards could take effect. The proposal comes after a February hack that drained $81 million from Bangladesh’s central bank and the 2014 hack at JPMorgan Chase that compromised data on millions of customers. It also calls for more cybersecurity oversight from boards of directors and senior management.”]
Source: https://www.cuinfosecurity.com/tough-federal-cybersecurity-standards-for-big-banks-proposed-a-9464