28 Apr 2025
🔒Federal Reserve Approves Extension of Computer Security Incident Notification
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Computer-Security Incident Notification (FR 2231; OMB No. 7100-0384).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notification requirement for bank holding companies about computer-security incidents affects compliance protocols for businesses, specifically in the financial sector. Non-compliance could result in regulatory penalties and operational risks.