Fed preps new white paper on cyber incident reporting
New proposals due on data capture after Fed dumps bid to use DFAST submissions
The next shoe might be about to drop in US prudential regulators’ long-running project to find a common way of classifying and reporting cyber risk incidents, with the aim of fostering more accurate exposure modelling among banks.
Speaking at Risk.net’s Cyber Risk Summit in Boston yesterday (April 13), Filippo Curti, a financial economist within the supervision, regulation and credit division of the Federal Reserve Bank of Richmond, said he was “working on a paper with several other authors at
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