We discuss the new notification requirements that the final rule places on both U.S. banking organizations and bank service providers relating to ransomware and similar computer security incidents, including the mandated timing for providing notice, and how the final rule differs from the agencies’ proposal. We also look at the compliance challenges presented by the final rule and offer suggestions for covered entities to consider in preparing for compliance with the new requirements.
Chris Willis, Co-Chair of Ballard Spahr’s Consumer Financial Services Group, hosts the conversation, joined by Kim Phan and Phil Yannella, partners in the firm’s Privacy and Data Security Group.
View all episodes
By Ballard Spahr LLP
4.9
4545 ratings
We discuss the new notification requirements that the final rule places on both U.S. banking organizations and bank service providers relating to ransomware and similar computer security incidents, including the mandated timing for providing notice, and how the final rule differs from the agencies’ proposal. We also look at the compliance challenges presented by the final rule and offer suggestions for covered entities to consider in preparing for compliance with the new requirements.
Chris Willis, Co-Chair of Ballard Spahr’s Consumer Financial Services Group, hosts the conversation, joined by Kim Phan and Phil Yannella, partners in the firm’s Privacy and Data Security Group.
32,156 Listeners
30,650 Listeners
25,874 Listeners
8,755 Listeners
9,177 Listeners
8,474 Listeners
372 Listeners
6,295 Listeners
112,617 Listeners
1,450 Listeners
10,236 Listeners
16,241 Listeners
16,056 Listeners
10 Listeners
13 Listeners