Regulatory Alerts2015-10-13
Expansion of the Federal Reserve's Emergency Communications System
The Board of Governors of the Federal Reserve System is expanding its Emergency Communications System to include designated cyber emergency contacts at all supervised financial institutions. This enhancement aims to improve communication capabilities during cyber emergencies by requiring institutions to register specific employees capable of responding to such threats. The registration process involves Reserve Banks coordinating with institutions to collect contact details, which will be periodically validated by ECS staff at the Federal Reserve Bank of St. Louis.
Share