Compliance Class: Cyber Incident Notification Rule 2022
On 11/18/21, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) issued a final rule that establishes a new requirement for banks to notify their primary regulator of certain computer security incidents. Compliance is required with this rule by May of 2022, so banks have just a few months to comply with the new requirements. While the rule itself isn’t the biggest of rules, there are a number of details that may make it a bit complicated as financial institutions work to implement this rule.
This program is designed to help financial institutions quickly and easily understand the new interagency cyber-incident notification final rule. Our team has spent hours sifting through the new rule to determine what bankers need to know. While our accompanying manual is 38 pages in length - due to us including beneficial background information on the rule - our video presentation breaks down the new rule in an easy to understand format, using layman’s terms.
The Interagency Cyber Incident Notification Rule program answers the following questions:
Which financial institutions must comply with the new final rule?
When does the clock start ticking on the new notification timeframes?
What and where does a financial institution need to provide to its regulator?
What are the notification requirements for third parties who may have a computer-related incident?
In addition to these takeaways, our program concludes with a list of steps financial institutions will likely need to take in order to implement this rule in their organizations.
Bonus: Executive Summary Mini Class
NOW INCLUDED: In addition to the main training video which runs 49 minutes, we are providing an additional, 8 minute “mini class.” Our mini class is an executive summary style video presentation, that can be completed in around 8 minutes, and provides a high level overview of the new rule. In other words, its a quick summary of key parts of the new rule. The mini class was designed to be shared with others within your organization, such as senior management, the board of directors, or anyone else who should understand the basics of the new rule. All attendees in our Cyber Incident Notification Rule 2022 program automatically get access to the mini class that can be shared with others within your same organization.
Who should attend this program?
This program is for financial institutions regulated by the OCC, FDIC, or Federal Reserve, as these are the agencies who issued this guidance. Our program was specifically designed for compliance professionals who are responsible for managing regulatory changes, as well as other employees who will need to know, understand, and/or implement the new interagency rule.
While this rule is only required by financial institutions regulated by the OCC, FDIC, or Federal Reserve, credit union employees may benefit from this program by considering the the interagency guidance as a best practice in incident notification.
Class Pricing
Regular Price: $299
NOTE: The training video in this program was taken directly from our Winter 2022 Quarterly Compliance Update - which is another way this program can be purchased. More information on our Winter 2022 Quarterly Compliance Update, which includes the exact video from this program, can be found by clicking here.
If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.