ABA - American Bankers Association
07/16/2026 | Press release | Distributed by Public on 07/16/2026 15:51
ABA Statement on Banking Agencies' New Approach to Handling Sensitive Information
"We welcome today's announcement by the federal banking agencies and appreciate their recognition that increasingly sophisticated cyber threats pose risks not only to financial institutions, but also to the regulators that collect and maintain highly sensitive supervisory information. Banks and regulators share a common responsibility to protect sensitive data from nation-state actors and other well-resourced cyber adversaries. We are encouraged by the agencies' commitment to strengthen their cybersecurity practices, provide greater flexibility for the review of highly sensitive information, and explore approaches that allow such information to remain within banks' own systems whenever possible. We also appreciate the agencies' commitment to timely notification when a cybersecurity incident affects a bank's information. These steps represent meaningful progress toward strengthening the resilience of the supervisory process and enhancing cybersecurity across the financial system."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.
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