Fed official: banks must recover from cyber attack in two hours
“If you’re waiting for us to give you regulation, then you’re behind the curve,” says NY Fed’s Ferlazzo
Financial institutions should be capable of a two-hour return to operations (RTO) following a cyber attack, a senior banking supervisor said on Tuesday (June 20).
The two-hour RTO was contained in an advanced notice of proposed rulemaking issued in November 2016 by the Fed and two other US prudential regulators – the Office of the Comptroller of the Currency and the Federal Deposit Insurance
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