The Federal Financial Institutions Examination Council updated its Cybersecurity Resource Guide for Financial Institutions, which includes resources for identifying and responding to ransomware attacks.
The CFPB outlined various proposals and alternatives under consideration for a rulemaking on personal financial data rights.
In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
SIFMA urged the New York State Department of Financial Services to consider changes to its "prescriptive" pre-proposal to impose new cybersecurity requirements on financial services companies.
The CFPB warned that financial institutions and their service providers can be held liable for maintaining insufficient data protection or information security.