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Cyber

Treasury Department Focused On Cyber Resiliency Of Bank Systems in FY 18

By Matthew Beinart

Monday, October 2nd, 2017

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Treasury Department Focused On Cyber Resiliency Of Bank Systems in FY 18

iStock Cyber Lock

The Treasury Department says it is aiming to step up its oversight of banks’ cyber resiliency efforts in fiscal year 2018 as part of its supervising priorities.The department’s Office of the Comptroller of the Currency (OCC) report, which dictates policy objectives for the next fiscal year, calls on supervisors to assess cyber risks for mid-size banks’ operations and determine the resiliency of systems installed by banking sector service providers.Supervisors for mid-size and community banks are directed to oversee the assessment of…

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