Comptroller of the Currency Issues Incident Prevention and Information Security Alert to National Banks


On April 18, the Office of the Comptroller of the Currency (OCC) issued an alert to CEOs of National Banks and other regulated entities. The alert highlights the need for national banks and their technology service providers (TSPs) to take steps to ensure their enterprise risk management is sufficiently robust to protect and secure the bank's own and their customers' information. The OCC explained that several recent security breaches have highlighted the need for national banks and their TSPs to perform periodic risk assessments of their information security programs with respect to the prevention and detection of security incidents. Most security-related incidents occur because of the lack or failures of basic controls that allow attackers to gain entry into a target environment through phishing, spear-phishing, drive-by malware injection and other techniques. Once attackers have entered an environment, they typically use sophisticated tools and techniques to gain access to sensitive data or systems. Successful attacks often compromise sensitive customer information or create fraud. The increasing sophistication of the tools and techniques attackers use often includes stealth or other means that make their detection more difficult.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.