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.
Survey: Banks boosting cybersecurity due to AI while also investing in technology
Most U.S. banks are increasing their cybersecurity efforts because of emerging technologies such as generative artificial intelligence, and many of those same banks also list AI as a top business investment, according to a recent survey by auditing...