Regulatory Alerts2015-09-08
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Cybersecurity Efforts and Resources
The Pennsylvania Department of Banking and Securities issued this directive to all state-chartered financial institutions to enhance cybersecurity measures against increasing threats. The Department strongly encourages regulated entities to develop prevention plans, conduct regular vulnerability assessments, and implement technical safeguards such as encryption and employee training. Additionally, the agency directs firms to utilize external resources from the FFIEC and SEC to assess preparedness and mitigate potential damages from cyberattacks.
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