OCC forms working group to tackle fraud

OpRisk North America: Rise in cyber fraud prompts US regulator to reassess guidance to examiners

Office of the Comptroller of the Currency
OCC examiners are seeing an increase in cyber fraud

The US Office of the Comptroller of the Currency is reviewing its guidance to bank examiners on assessing the adequacy of fraud detection and prevention frameworks amid a rise in cyber threats.  

Speaking at the OpRisk North America conference earlier today (March 20), Lazaro Barreiro, director of governance and operational risk policy at the OCC, said the watchdog had spent the last six months building a working group dedicated to the task.

“We’re starting a fraud working group, to assess

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