04.14.25

Banks Limit Information Sharing With OCC After Hack

by: Jordan Robertson; Jake Bleiberg; Hannah Levitt; et al.

JPMorgan Chase & Co. and Bank of New York Mellon Corp. are limiting the sharing of information with the U.S. Office of the Comptroller of the Currency (OCC) over concerns of potential security risks to their computer networks. The lenders paused sharing information with the OCC following revelations that hackers breached its email system to spy on more than 100 accounts over the course of more than a year. The breach was deemed a “major incident” that gave hackers access to highly-sensitive information provided to regulators, including reports about cybersecurity protections and vulnerability assessments.

Read the full article on Bloomberg