[Federal Register Volume 84, Number 66 (Friday, April 5, 2019)]
[Notices]
[Pages 13786-13787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06644]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; FFIEC Cybersecurity Assessment Tool
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: : Notice and request for comment.
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SUMMARY: The OCC, the Board of Governors of the Federal Reserve System
(Board), the Federal Deposit Insurance Corporation (FDIC), and the
National Credit Union Administration (NCUA) (collectively, the
Agencies), as part of their continuing effort to reduce paperwork and
respondent burden, invite the general public and other federal agencies
to take this opportunity to comment on a continuing information
collection as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the Agencies may
not conduct or sponsor, and the respondent is not required to respond
to, an information collection unless it displays a currently valid
Office of Management and Budget (OMB) control number.
The OCC is soliciting comment on behalf of the Agencies concerning
renewal of the information collection titled, ``FFIEC Cybersecurity
Assessment Tool'' (``Assessment'').
DATES: Comments must be submitted on or before June 4, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0328, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0328'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
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\1\ Following the close of the 60-day comment period for this
notice, the OCC will publish a notice for 30 days of comment for
this collection.
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Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0328'' or ``FFIEC Cybersecurity Assessment Tool.'' Upon
finding the appropriate information collection, click on the related
``ICR Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, Carl Kaminski, Special Counsel, or Priscilla Benner, Attorney
(202) 649-5490, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. et seq.), federal
agencies must obtain approval from OMB for each collection of
information they conduct or sponsor. ``Collection of information'' is
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. The definition
contained in 5 CFR 1320.3(c) also includes a voluntary collection.
Section 3506(c)(2)(A) of title 44 requires federal agencies to provide
a 60-day notice in the Federal Register concerning each proposed
collection of information, including each proposed extension of an
existing collection of information, before submitting the collection to
OMB for approval. To comply with this requirement, the OCC is
publishing, on behalf of the Agencies, a notice of the proposed
collection of information set forth in this document.
Title: FFIEC Cybersecurity Assessment Tool.
OMB Number: 1557-0328.
Description: Cyber threats continue to evolve and increase
exponentially with greater sophistication. Financial
[[Page 13787]]
institutions \2\ are exposed to cyber risks because they are dependent
on information technology to deliver services to consumers and
businesses every day. Cyber attacks on financial institutions may
result in unauthorized access to, and the compromise of, confidential
information, as well as the destruction of critical data and systems.
Disruption, degradation, or unauthorized alteration of information and
systems can affect a financial institution's operations and core
processes and undermine confidence in the nation's financial services
sector. Absent immediate attention to these rapidly increasing threats,
financial institutions and the financial sector as a whole are at risk.
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\2\ For purposes of this information collection, the term
``financial institution'' includes banks, savings associations,
credit unions, and bank holding companies.
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For this reason, the Agencies, under the auspices of the Federal
Financial Institutions Examination Council (``FFIEC''), have worked
diligently to assess and enhance the state of the financial industry's
cyber preparedness and to improve the Agencies' examination procedures
and training to strengthen the oversight of financial industry
cybersecurity readiness. The Agencies also have focused on providing
financial institutions with resources that can assist in protecting
them and their customers from the growing risks posed by cyber attacks.
As part of these efforts, the Agencies developed the Assessment to
assist financial institutions of all sizes in assessing their inherent
cyber risks and their risk management capabilities. The Assessment
allows a financial institution to identify its inherent cyber risk
profile based on the technologies and connection types, delivery
channels, online/mobile products and technology services that it offers
to its customers, its organizational characteristics, and the cyber
threats it is likely to face. Once a financial institution identifies
its inherent cyber risk profile, it can use the Assessment's maturity
matrix to evaluate its level of cybersecurity preparedness based on the
financial institution's cyber risk management and oversight, threat
intelligence capabilities, cybersecurity controls, external dependency
management, and cyber incident management and resiliency planning. A
financial institution may use the matrix's maturity levels to identify
opportunities for improving the financial institution's cyber risk
management based on its inherent risk profile. The Assessment also
enables a financial institution to rapidly identify areas that could
improve the financial institution's cyber risk management and response
programs, as appropriate. Use of the Assessment by financial
institutions is voluntary.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Burden Estimates: \3\
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\3\ Burden is estimated conservatively and assumes all
institutions will complete the Assessment. Therefore, the estimated
burden may exceed the actual burden because use of the Assessment by
financial institutions is not mandatory. The burden estimates for
financial institutions include technology service providers who may
assist financial institutions in completing their Assessments.
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Estimated number of Estimated number of
Estimated number of respondents $500 respondents $10 Estimated number of Estimated total
Assessment burden estimate respondents less than million -$10 billion billion -$50 billion respondents over $50 respondents and total
$500 million @80 hours @120 hours @160 hours billion @180 hours annual burden hours
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OCC National Banks and Federal 823 x 80 = 65,840 157 x 120 = 18,840 123 x 160 = 19,680 82 x 180 = 14,760 1,185 respondents
Savings Associations. hours. hours. hours. hours. 119,120 hours.
FDIC State Non-Member Banks and 2,689 x 80 = 215,120 760 x 120 = 91,200 34 x 160 = 5,440 6 x 180 = 1,080 hours 3,489 respondents
State Savings Associations. hours. hours. hours. 312,840 hours.
Board State Member Banks and Bank 2,768 x 80 = 221,440 766 x 120 = 91,920 81 x 160 = 12,960 26 x 180 = 4,680 3,641 respondents
Holding Companies. hours. hours. hours. hours. 331,000 hours.
NCUA Federally-Insured Credit 4,830 x 80 = 386,400 536 x 120 = 64,320 8 x 160 = 1,280 hours 1 x 180 = 180 hours.. 5,375 respondents
Unions. hours. hours. 452,180 hours.
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Total.......................... 11,110 x 80 = hours = 2,219 x 120 hours = 246 hours x 160 = 115 hours x 180 = 13,690 respondents
888,800. 266,280 hours. 39,360 hours. 20,700 hours. 1,215,140 hours.
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Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will become
a matter of public record. Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the Agencies, including whether
the information has practical utility;
(b) The accuracy of the Agencies' estimates of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: March 29, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06644 Filed 4-4-19; 8:45 am]
BILLING CODE 4810-33-P