Agencies issue joint statement on handling of highly sensitive information during bank examinations
·2 min read
Compiled by KHAO Editorial
— aggregated from 1 source + 4 references discovered via search.
See llms.txt for citation guidance.
★ Tier-1 Source
The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than transferring them onto agenc
Key facts
They will do so as soon as practicable, and no later than 72 hours after discovery, unless legal restrictions apply
Summary
For release at 2:00 p.m. The statement discusses a coordinated approach to identifying highly sensitive data and documents and discusses enhanced procedures for the review of such information to reduce any cybersecurity risks while ensuring that the agencies have access to such information at all times during an examination. The agencies recognize the importance of keeping a bank's highly sensitive information confidential and protecting it against disclosure to or from access by unauthorized persons because of cybersecurity vulnerabilities.