December 19, 2005 News Archive

Compliance Guide for Information Security
The federal bank regulators have issued a "compliance guide" for their Interagency Guidelines Establishing Information Security Standards. This guide serves as a summary of criteria banks should meet in protecting their customers' information. The publication offers explanations of terms that are critical to information security. It also provides guidance on:

• Assessing security risks;
• Establishing an information security program;
• Disposing of customer information;
• Responding appropriately to unauthorized access to customer data; and
• Supervising third parties that have access to customer files.