Security Newsletter
22 Nov 2021
Regulators: Banks Have 36 Hours to Report Cyber Incidents
U.S. federal banking regulators have approved a new rule that will require banks to notify regulators no later than 36 hours after the organization determines it has suffered a qualifying "computer-security incident," the nation's top financial agencies announced on Thursday.
Regulators from the Department of the Treasury's Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corp., say that effective April 1, 2022 - with full compliance extended to May 1, 2022 - banking organizations must provide incident notification to the appropriate FDIC supervisory office or an FDIC-designated point of contact, within a day and a half.
"As technology has evolved, so have the cybersecurity risks with which banks must grapple," said FDIC Chairman Jelena McWilliams in a statement. "The final rule … addresses a gap in timely notification to the banking agencies of the most significant computer-security incidents affecting banking organizations, allowing the FDIC and our fellow banking supervisors to be better positioned to understand and to respond to cybersecurity threats across the banking sector."
Read More on BankInfoSecurity
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Kindred Group in brief
Kindred Group is one of the world’s leading online gambling operators with business across Europe, US and Australia, offering 30 million customers across 9 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,600 people, is listed on Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and founding member of IBIA (Sports Betting Integrity Association). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on
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