The Office of the Comptroller of the Currency (“OCC”) recently issued its Semiannual Risk Perspective.  The OCC identified cybersecurity as a key operational risk, pointing to the increasing speed and sophistication of cybersecurity threats, which can target the theft of personally identifiable information, intellectual property, and bank funds. View Full Post
In the wake of the high-profile breaches at Equifax and Uber, several constituencies have been making a sustained push for a federal data protection and breach statute.  Last week, a broad coalition of bank, insurance and retail associations urged Congress to pass national legislation establishing uniform data protection and breach notification standards.  View Full Post