Implementing Computer-Security Incident Notice Requirement a Good Reason to Revisit Your Response Plan
March 11, 2022
The three primary banking regulators have issued a new rule effective April 1, 2022, “Computer-Security incident Notification Requirements for Banking Organizations and Their Bank Service Providers”(“Notice Requirement”).[1] Complying with the new rule should be relatively easy but a deeper consideration of the associated obligations should prompt a bank to review its computer-security incident…
