OSFI Issues Advisory on Technology and Cybersecurity Incident Reporting
On January 24, 2019, the Office of the Superintendent of Financial Institutions issued an Advisory setting out expectations for federally regulated financial institutions’ prompt (within 72 hours) reporting of technology and cybersecurity incidents. The Advisory will be effective on March 31, 2019. Federally regulated financial institutions should now take steps to prepare for compliance with the Advisory.
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This content has been updated on February 19, 2019 at 20 h 05 min.