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Trade associations representing major banks and financial firms have raised alarms over cybersecurity risks at federal regulatory agencies. Their concerns follow a recent breach at the Office of the Comptroller of the Currency (OCC), exposing sensitive emails.
- Trade groups demand regulators match cybersecurity standards imposed on financial institutions.
- Hackers accessed 150,000 OCC emails in a breach first detected in May 2023.
- Proposals include letting firms retain sensitive data and improving breach notifications.
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Other Tags: American Bankers Association, Bank Policy Institute