A U.S. Treasury Department advisory instructing financial institutions to more frequently and thoroughly investigate, report and exchange data on cyberattacks against them could inform a new category of regulatory penalties, say sources.
Anti-money laundering, fraud prevention and cybersecurity personnel should more frequently collaborate to guard their institutions and their customers against online intrusions by criminals and state-sponsored groups, U.S. officials said Tuesday.
Bank compliance departments continue to underreport Internet Protocol and e-mail addresses in their regulatory filings to the U.S. Treasury Department despite repeated requests for such disclosures from federal officials.