The OCC today released its Cybersecurity Supervision Work Program for use by examiners. The program contains high-level examination objectives and procedures that are aligned with existing supervisory guidance and the National Institute of Standards and Technology’s cybersecurity framework, according to the agency. It does not establish new regulatory expectations and banks are not required to use the work program to assess cybersecurity preparedness.
ABA offered four policy recommendations for Trump administration officials as they develop an “action plan” to advance the development and implementation of artificial intelligence technologies in the U.S.
A survey of bank customers in multiple countries found that most trust their main bank to keep their personal data secure but don’t always extend that trust to other institutions.
President Trump nominated Sean Plankey to be director of the Cybersecurity and Infrastructure Security Agency, which is part of the Department of Homeland Security.
ABA and three financial sector associations urged Trump administration officials to rescind and reissue a proposed rule requiring financial institutions and other “critical infrastructure” businesses to report cyber incidents and ransomware payments.
The White House invited public comment on President Trump’s “action plan” to advance the development and implementation of artificial intelligence technologies in the U.S.
A recent poll of U.K. residents found that most were likely to withdraw their money from a bank after being exposed to fake news and social media posts created using artificial intelligence.
