Notice2022-16872
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; 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
August 8, 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). The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before September 7, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 151 (Monday, August 8, 2022)</title>
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[Federal Register Volume 87, Number 151 (Monday, August 8, 2022)]
[Notices]
[Pages 48224-48225]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16872]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; 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). The OCC also is giving notice that it has sent the
collection to OMB for review. DATES: Comments must be submitted on or
before September 7, 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#9dedeffcf4f3fbf2ddf2fefeb3e9eff8fceeb3faf2eb"><span class="__cf_email__" data-cfemail="f0808291999e969fb09f9393de8482959183de979f86">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0328, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<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.
Written comments and recommendations for the proposed information
collection should also be sent within 30 days of publication of this
notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
On May 31, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 32497. You may review comments and other
related materials that pertain to this information collection following
the close of the 30-day comment period for this notice 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'' tab and click on
``Information Collection Review'' from the 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, (202) 649-5490, 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
[[Page 48225]]
in 5 CFR 1320.3(c) also includes a voluntary collection. The OCC asks
that OMB extend its approval of the collection in this notice.
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. Cyberattacks 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, individual financial institutions and
the whole financial sector 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 cyberattacks.
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: 1,154,540 hours.
On May 31, 2022, the OCC published a notice for 60 days of comment
concerning this collection, 87 FR 32497. The OCC received one comment
from a trade association, which generally recognized that the
Assessment may be a useful tool for community banks and included
several recommendations for consideration. First, the commenter stated
that use of the Assessment should remain voluntary and that
institutions should not be required to use a specific tool or to switch
tools.
Financial institution's use of the Assessment is voluntary. While
FFIEC members have emphasized the benefits of using a standardized
approach to assess and improve cybersecurity preparedness, they have
also recognized that institutions may choose from a variety of
standardized tools aligned with industry standards and best practices
to assess their cybersecurity preparedness.\2\
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\2\ ``FFIEC Encourages Standardized Approach to Assessing
Cybersecurity Preparedness,'' FFIEC Press Release, August 28, 2019,
available at <a href="https://www.ffiec.gov/press/pr082819.htm">https://www.ffiec.gov/press/pr082819.htm</a>.
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The commenter also suggested that the Agencies work with the trade
association and community banks to update the Assessment, including to
improve understanding by and education for senior leaders and boards of
directors, who may not be information technology specialists.
The Agencies appreciate the commenter's feedback and are
continually seeking ways to update and improve the tools they use to
assess cybersecurity. For example, in response to requests, the
Agencies, with the other members of the FFIEC, updated the Assessment
to expand the response options for each declarative statement in the
maturity matrix.\3\ Similarly, feedback from commenters informed the
development of frequently asked questions.\4\ In addition, several
other resources are available to assist financial institutions in using
the Assessment efficiently, including an ``Overview for Chief Executive
Officers and Boards of Directors'' that provides an executive summary
of the Assessment and identifies questions that financial institution
boards and senior management may ask.
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\3\ ``FFIEC Release Update to Cybersecurity Assessment Tool,''
FFIEC Press Release, May 31, 2017, available at <a href="https://www.ffiec.gov/press/pr053117.htm">https://www.ffiec.gov/press/pr053117.htm</a> (explaining that the additional
response options would allow ``financial institution management to
include supplementary or complementary behaviors, practices and
processes that represent current practices of the institution in
supporting its cybersecurity activity assessment'').
\4\ ``FFIEC Cybersecurity Assessment Tool: Frequently Asked
Questions,'' October 17, 2016, available at <a href="https://www.ffiec.gov/pdf/cybersecurity/FFIEC_CAT%20FAQs.pdf">https://www.ffiec.gov/pdf/cybersecurity/FFIEC_CAT%20FAQs.pdf</a>.
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Finally, the commenter suggested that the Agencies provide non-
attributable reports and statistical analysis based on information
collected by the Agencies. Since use of the Assessment by financial
institutions is voluntary and may vary across financial institutions,
the Agencies do not to intend to publish or otherwise make publicly
available the results of financial institutions' use of the Assessment.
However, through the FFIEC, the Agencies regularly issue statements and
alerts regarding threats and vulnerabilities and provide additional
resources.\5\
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\5\ Refer to the ``Cybersecurity Awareness'' page on the FFIEC's
website, available at <a href="https://www.ffiec.gov/cybersecurity.htm">https://www.ffiec.gov/cybersecurity.htm</a>.
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Comments continue to be 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. 2022-16872 Filed 8-5-22; 8:45 am]
BILLING CODE 4810-33-P
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