The Office of the Comptroller of the Currency (OCC) seeks public comments on renewing its information collection titled "Computer-Security Incident Notification." This information gathering is part of an ongoing effort to minimize paperwork and reduce respondent burden in line with the Paperwork Reduction Act of 1995. The OCC requires banking organizations to inform them within 36 hours of a significant computer-security incident that disrupts their operations. Comments on this proposal can be submitted until March 3, 2025.
Simple Explanation
The OCC wants to hear what people think about their rule that banks must tell them quickly if something bad happens to their computers that makes the bank stop working well. They want to make sure it takes as little time and work as possible to do this, and people have until March 3, 2025, to share their thoughts.