OSFI issues updated requirements for technology and cyber incident reporting and new cyber self-assessment

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Aug 13, 2021

On August 13, 2021, the Office of the Superintendent of Financial Institutions (OSFI) released updated requirements governing how federally regulated financial institutions (FRFIs) should disclose and report technology and cyber security incidents to OSFI.

The updated Technology and Cyber Security Incident Reporting Advisory supports a coordinated and integrated response to technology and cyber security incidents when they occur at FRFIs).

Separately, OSFI also released an updated Cyber Security Self-Assessment that helps FRFIs gauge and improve their current state of readiness in the face of emerging and expanding cyber threats.

Review the press release and updated requirements on the OSFI's website.

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