Notice2022-11565
Agency Information Collection Activities: Information Collection Renewal; Comment Request; FFIEC Cybersecurity Assessment Tool
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 31, 2022
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
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).
Full Text
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<title>Federal Register, Volume 87 Issue 104 (Tuesday, May 31, 2022)</title>
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[Federal Register Volume 87, Number 104 (Tuesday, May 31, 2022)]
[Notices]
[Pages 32497-32498]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#91e1e3f0f8fff7fed1fef2f2bfe5e3f4f0e2bff6fee7"><span class="__cf_email__" data-cfemail="41313320282f272e012e22226f35332420326f262e37">[email protected]</span></a>.
<bullet> 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.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
[[Page 32498]]
<bullet> 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 <a href="http://www.reginfo.gov">www.reginfo.gov</a> 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.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
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.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, 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]
BILLING CODE P
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