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
To print this article, all you need is to be registered or login on Mondaq.com.
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.
POPULAR ARTICLES ON: Technology from United States
AI In Retail And Consumer Products: Managing The Risks
Arnold & Porter
Artificial intelligence brings new opportunities and efficiencies to how companies conduct business, often working behind the scenes to transform day-to-day operations and how we live our daily lives.
Robot Rights: Can AI Achieve Personhood? (Video)
Gamma Law
As AI systems become increasingly sophisticated and exhibit cognition and creativity, a critical question arises: How should generative platforms be categorized from a legal standpoint?