OCC report emphasizes cybersecurity risks to banks

06/19/2013 | AmericanBanker.com (free registration)

The Office of the Comptroller of the Currency devoted an entire section of its semiannual risk report to cyberthreats and security, as opposed to a brief mention in its report six months ago. The cyberthreats "continue to increase in both sophistication and volume and require a heightened awareness and appropriate resources to be able to identify and mitigate the associated risks," said Carolyn DuChene, the OCC's deputy comptroller of operational risk.

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