?? ?? Cyberattacks on financial institutions are more frequent and damaging than ever before. With the sector’s complex, ?? interconnected nature, a single breach can have far-reaching consequences. In response, new Computer-Security Incident Notification (#CSIN) rules have been implemented to help banks quickly identify, report, and respond to cyber threats. Here are 3?? key takeaways from our latest blog post: ?? Reporting Timeline & Thresholds: Financial institutions must notify the OCC within 36 hours of a security incident that could disrupt operations or degrade services. Timely reporting can help mitigate risk across the sector. ?? Third-Party Obligations: Service providers must report incidents impacting services for over 4 hours. This highlights the critical need for clear communication and a well-defined incident response plan. ?? Board-Level Oversight: Cybersecurity is now a strategic priority—board members must be informed and involved. Cyber risk management is no longer just an IT issue – it’s a strategic priority that requires collaboration across all enterprise leaders. Learn more about how these new regulations impact your organization and how to stay compliant ?? https://bit.ly/4fYdLtp #Cybersecurity #RiskManagement #FinancialServices #Compliance
