[Federal Register Volume 87, Number 104 (Tuesday, May 31, 2022)]
[Notices]
[Pages 32497-32498]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11565]


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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, on behalf of itself, 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 its continuing effort to 
reduce paperwork and respondent burden, invites the general public and 
other Federal agencies 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 August 1, 2022.

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, Attention: Comment 
Processing, 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.

[[Page 32498]]

     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.
    Following the close of this notice's 60-day comment period, the OCC 
will publish a second notice with a 30-day comment period. 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 by the method set forth in the next 
bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' drop down menu. From 
the ``Currently under Review'' 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, Chief Counsel's Office, Office of the Comptroller of the 
Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. If you 
are deaf, hard of hearing, or have a speech disability, please dial 7-
1-1 to access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 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 
extension of the 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 in 
frequency and sophistication. Financial institutions \1\ 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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    \1\ 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, with the other FFIEC 
members, 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 technologies and 
connection types, delivery channels, online/mobile products and 
technology services, organizational characteristics, and 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 its 
cyber risk management and oversight, threat intelligence and 
collaboration, 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 its 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 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:
    Number of Respondents: 12,781.
    Total Burden: 1,154,150 hours.
    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.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2022-11565 Filed 5-27-22; 8:45 am]
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