From: AccountingWeb.com
Terry Sheridan
Organizations representing accountants and auditors have made clear to three federal banking regulatory agencies that an effort to enhance cybersecurity risk management standards should focus on best practices but leave the implementation to the finance industry.
The Federal Reserve Board, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. likely will have their hands full in attempting to craft what the agencies refer to as “enhanced cyber risk management standards” for big and interconnected companies and their service providers.
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