Agencies issue joint statement on handling of highly sensitive information during bank examinations

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Skip to main content An official website of the United States Government Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites. Back to Home Board of Governors of the Federal Reserve System Stay Connected Federal Reserve Facebook Page Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency For release at 2:00 p.m. EDT Share The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than transferring them onto agency systems. The statement discusses a coordinated approach to identifying highly sensitive data and documents and discusses enhanced procedures for the review of such information to reduce any cybersecurity risks while ensuring that the agencies have access to such information at all times during an examination. The agencies recognize the importance of keeping a bank's highly sensitive information confidential and protecting it against disclosure to or from access by unauthorized persons as a result of cybersecurity vulnerabilities. The agencies have committed to notify affected banks of any potential or confirmed material data breach involving confidential supervisory information. They will do so as soon as practicable, and no later than 72 hours after discovery, unless legal restrictions apply.

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U.S. financial regulators have issued a joint statement regarding the handling and protection of sensitive information during bank examinations. This measure is part of a regulatory framework aimed at strengthening data security within the financial system and minimizing risks from information leakage. Investors should closely monitor the impact of these guidelines on the operational risk management costs of the banking sector.

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The new guidelines signify a shift toward more stringent data governance, forcing banks to upgrade their internal compliance protocols. While this increases short-term expenditure, it serves as a critical defense against systemic cyber threats. The effectiveness of these measures will depend on how efficiently individual institutions integrate these standards into their existing risk management frameworks.

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