Agencies extend comment period for advance notice of proposed rulemaking on enhanced cyber risk management standards

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Agencies extend comment period for advance notice of proposed rulemaking on enhanced cyber risk management standards

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The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 13, 2017. It is reproduced in full below.

The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Friday extended until Feb. 17, 2017, the comment period for the advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities' service providers.

The agencies are considering five categories of cyber standards: cyber risk governance; cyber risk management; internal dependency management; external dependency management; and incident response, cyber resilience, and situational awareness.

Originally, comments were due by Jan. 17, 2017. The agencies extended the comment period to allow interested persons more time to analyze the issues and prepare their comments.

Source: Board of Governors of the Federal Reserve System

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