3 cybersecurity imperatives for financial firms in 2022

By Shardul Desai (January 19, 2022, 2:34 PM EST) — In the wake of cyberattacks by SolarWinds Corp. and Colonial Pipeline Co., the Biden administration has emphasized a move toward mandatory cybersecurity requirements.[1] In line with these efforts, in late 2021, federal agencies enacted final rules regarding cybersecurity requirements for the financial services industry.

The Federal Trade Commission amended its Gramm-Leach-Bliley Act safeguard rule to require FTC-regulated financial institutions to develop and implement detailed cybersecurity requirements as part of a security program. information.[2] The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corp. have issued cybersecurity incident notification requirements.[3]

Also, the United States…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


Comments are closed.