https://www.taxtmi.com/news?id=16912 The debit card data breach prompted an independent forensic audit under the PCI Data Security Standard and regulatory emphasis on a cybersecurity framework requiring banks to maintain a cyber security policy, a cyber crisis management plan, gap assessments against baseline requirements, monitoring of cyber risk indicators, and mandatory rapid reporting of unusual cyber incidents; supervisory actions include IT examinations, preparedness testing with technical agencies, a Cyber Crisis Management Group, and creation of an IT subsidiary to bolster cyber controls. en-us Tue, 22 Nov 2016 18:20:08 +0530 Tue, 22 Nov 2016 18:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16912 The debit card data breach prompted an independent forensic audit under the PCI Data Security Standard and regulatory emphasis on a cybersecurity framework requiring banks to maintain a cyber security policy, a cyber crisis management plan, gap assessments against baseline requirements, monitoring of cyber risk indicators, and mandatory rapid reporting of unusual cyber incidents; supervisory actions include IT examinations, preparedness testing with technical agencies, a Cyber Crisis Management Group, and creation of an IT subsidiary to bolster cyber controls. News - Tue, 22 Nov 2016 18:20:08 +0530 https://www.taxtmi.com/news?id=16912