United States:
Financial Regulators Outline Cybersecurity Standards
23 November 2016
by
Daniel J. McLoon
,
Mauricio Paez
,
Kevin Lyles
,
Todd McClelland
,
Jeff Rabkin
,
Adam Salter
,
Michiru Takahashi
,
Undine Von Diemar
,
Olivier Haas
,
Jörg Hladjk
,
Richard Johnson
,
Anand Varadarajan
,
Nicole Perry
and
Alexa Sendukas
Jones Day
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On October 19, the Department of the Treasury, the Federal
Reserve Office of the Comptroller of the Currency, and the Federal
Deposit Insurance Corporation issued a joint advance notice of proposed
rulemaking regarding enhanced cyber-risk management standards for
large and interconnected entities under their supervision and those
entities' service providers. The proposed rulemaking addresses
five categories of cyber standards: cyber-risk governance;
cyber-risk management; internal dependency management; external
dependency management; and incident response, cyber resilience, and
situational awareness. The comment period runs until January 17,
2017.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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