The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have issued new third-party risk management (TPRM) guidance, OCC 2023-17, to help banking organizations manage third-party risk. This interagency TPRM guidance supersedes the previous OCC guidance on managing third-party relationships, OCC 2013-29, and provides principles that organizations […]
When the government perceives those entrusted to its care are in danger, it takes action— case in point: the seatbelt law. Since the 1970s, the National Highway Traffic Safety Administration (NHTSA) has lobbied for passive restraint systems to protect drivers and passengers in the event of a crash. Though controversial when the rules were first […]
ISO 27002 is a powerful tool to demonstrate your information security commitments to customers, investors and regulators. Because it focuses on the development and maintenance of a strong information security management system (ISMS), this certification prepares you to achieve other cybersecurity certifications, both by driving you to collect your policies into a single system and […]
The NYDFS Cybersecurity Regulation (23 NYCRR 500) is a set of rules designed to enforce strong cybersecurity practices and protect the assets and customer information held by financial organizations operating in the state of New York. These rules cover any organization that requires a NYDFS license to function and any third party that works with […]