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Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers

Fed · final-rule · Published 2021-11-23 · Effective 2022-04-01 · 86 FR 66424

Document

Document number
2021-25510
Federal Register citation
86 FR 66424
CFR reference
12 CFR 53
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2021-11-23
Effective date
2022-04-01
Docket
Docket ID OCC-2020-0038

Abstract

The OCC, Board, and FDIC are issuing a final rule that requires a banking organization to notify its primary Federal regulator of any ``computer-security incident'' that rises to the level of a ``notification incident,'' as soon as possible and no later than 36 hours after the banking organization determines that a notification incident has occurred. The final rule also requires a bank service provider to notify each affected banking organization customer as soon as possible when the bank service provider determines that it has experienced a computer-security incident that has caused, or is reasonably likely to cause, a material service disruption or degradation for four or more hours.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown