😔 U.S. 🇺🇸: Major banks reduce information sharing with the OCC after email hack

😔 U.S. 🇺🇸: Major banks reduce information sharing with the OCC after email hack

Confidence in the Office of the Comptroller of the Currency (OCC) has been affected, and JPMorgan Chase and Bank of New York Mellon have reduced information sharing due to concerns over potential leaks.

🟣 The hack occurred in June 2023, but it wasn’t publicly revealed until a few months ago. Attackers gained access to emails of hundreds of OCC executives and employees, as well as confidential information about the financial condition of regulated entities.

🟣 The OCC is part of the U.S. Department of the Treasury and oversees more than 1,000 banks, federal savings associations, and branches of foreign banks in the country.

🟣 The regulator has recognized the legitimate concerns expressed by JPMorgan Chase and Bank of New York Mellon. Meanwhile, Bank of America is developing more secure electronic channels to facilitate safer information exchange.

#news #USA #fraud

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