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Proposed NCUA Requirement for Cyber Incidents
In this special vlog post, Tom Hinkel weighs on a proposed NCUA notification requirement for cyber incidents.
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UPDATE – New Proposed Cyber Incident Notification Rules Finalized
Last updated March 30, 2022. Currently, financial institutions are required to report a cyber event to their primary federal regulator under very specific circumstances. This requirement dates back to GLBA, Appendix B to Part 364 and states that FI incident response plans (IRP’s) should contain procedures for: “Notifying its primary Federal regulator as soon as…