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Daily Dashboard | Federal currency bureau finalizes incident reporting rule Related reading: Notes from the IAPP, Dec. 3, 2021

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The U.S. Department of the Treasury's Office of the Comptroller of the Currency announced approval of final rulemaking for improving cyber incident reporting affecting the U.S. bank system. The rule calls for mandatory reporting of an incident within 36 hours of determining an incident occurred. Bank service providers are also required to inform potentially affected customers immediately following an incident that lasts four hours or longer within a system.
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