Agency Information Collection Activities: Information Collection Renewal; Comment Request; FFIEC Cybersecurity Assessment Tool, 13786-13787 [2019-06644]

Download as PDF 13786 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices going system to collect up-to-date contact information and capabilities statements from potential suppliers. This information allows the OCC to update and enhance its internal database of interested minority- and women-owned businesses. This information also allows the OCC to measure the effectiveness of its technical assistance and outreach efforts and to target areas where additional outreach efforts are necessary. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. The OCC invites comment on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information shall have practical utility; (b) The accuracy of the OCC’s estimate 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 of information 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. Dated: March 29, 2019. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2019–06642 Filed 4–4–19; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; FFIEC Cybersecurity Assessment Tool Office of the Comptroller of the Currency (OCC), Treasury. ACTION: : Notice and request for comment. khammond on DSKBBV9HB2PROD with NOTICES AGENCY: The OCC, 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 their continuing effort to reduce paperwork and respondent burden, invite the general public and other SUMMARY: VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 federal agencies to take this opportunity 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 June 4, 2019. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, 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. • 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. 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 1 by any of the following methods: • Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ‘‘Information Collection Review’’ tab. Underneath the ‘‘Currently under Review’’ section heading, from the dropdown 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 1 Following the close of the 60-day comment period for this notice, the OCC will publish a notice for 30 days of comment for this collection. PO 00000 Frm 00162 Fmt 4703 Sfmt 4703 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. • Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect comments. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, Carl Kaminski, Special Counsel, or Priscilla Benner, Attorney (202) 649– 5490, for persons who are deaf or hearing impaired, TTY, (202) 649–5597, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. Under the PRA (44 U.S.C. 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 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 exponentially with greater sophistication. Financial SUPPLEMENTARY INFORMATION: E:\FR\FM\05APN1.SGM 05APN1 13787 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices institutions 2 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. 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 Assessment burden estimate OCC National Banks and Federal Savings Associations. FDIC State Non-Member Banks and State Savings Associations. Board State Member Banks and Bank Holding Companies. NCUA Federally-Insured Credit Unions. khammond on DSKBBV9HB2PROD with NOTICES Total .......................... 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 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 the technologies and connection types, delivery channels, online/mobile products and technology services that it offers to its customers, its organizational characteristics, and the 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 the financial institution’s cyber risk management and oversight, threat intelligence capabilities, 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 the financial institution’s 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 risk management and 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: 3 Estimated number of respondents $500 million –$10 billion @120 hours Estimated number of respondents $10 billion – $50 billion @160 hours Estimated number of respondents over $50 billion @180 hours 823 × 80 = 65,840 hours 157 × 120 = 18,840 hours. 123 × 160 = 19,680 hours. 82 × 180 = 14,760 hours 1,185 respondents 119,120 hours. 2,689 × 80 = 215,120 hours. 760 × 120 = 91,200 hours. 34 × 160 = 5,440 hours .. 6 × 180 = 1,080 hours .... 3,489 respondents 312,840 hours. 2,768 × 80 = 221,440 hours. 766 × 120 = 91,920 hours. 81 × 160 = 12,960 hours 26 × 180 = 4,680 hours .. 3,641 respondents 331,000 hours. 4,830 × 80 = 386,400 hours. 536 × 120 = 64,320 hours. 8 × 160 = 1,280 hours .... 1 × 180 = 180 hours ....... 5,375 respondents 452,180 hours. 11,110 × 80 = hours = 888,800. 2,219 × 120 hours = 266,280 hours. 246 hours × 160 = 39,360 hours. 115 hours × 180 = 20,700 hours. 13,690 respondents 1,215,140 hours. Estimated number of respondents less than $500 million @80 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 2 For purposes of this information collection, the term ‘‘financial institution’’ includes banks, savings associations, credit unions, and bank holding companies. VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 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. Dated: March 29, 2019. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2019–06644 Filed 4–4–19; 8:45 am] BILLING CODE 4810–33–P 3 Burden is estimated conservatively and assumes all institutions will complete the Assessment. Therefore, the estimated burden may exceed the actual burden because use of the Assessment by financial institutions is not mandatory. The burden PO 00000 Frm 00163 Fmt 4703 Sfmt 4703 Estimated total respondents and total annual burden hours DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 4972 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning SUMMARY: estimates for financial institutions include technology service providers who may assist financial institutions in completing their Assessments. E:\FR\FM\05APN1.SGM 05APN1

Agencies

[Federal Register Volume 84, Number 66 (Friday, April 5, 2019)]
[Notices]
[Pages 13786-13787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06644]


-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

SUMMARY:  The OCC, 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 their continuing effort to reduce paperwork and 
respondent burden, invite the general public and other federal agencies 
to take this opportunity 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 June 4, 2019.

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, 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.
     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.
    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 \1\ by any of the following methods:
---------------------------------------------------------------------------

    \1\ Following the close of the 60-day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
---------------------------------------------------------------------------

     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the 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.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 649-6700 or, for persons who 
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, Carl Kaminski, Special Counsel, or Priscilla Benner, Attorney 
(202) 649-5490, for persons who are deaf or hearing impaired, TTY, 
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 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 
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 
exponentially with greater sophistication. Financial

[[Page 13787]]

institutions \2\ 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.
---------------------------------------------------------------------------

    \2\ For purposes of this information collection, the term 
``financial institution'' includes banks, savings associations, 
credit unions, and bank holding companies.
---------------------------------------------------------------------------

    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 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 the technologies and connection types, delivery 
channels, online/mobile products and technology services that it offers 
to its customers, its organizational characteristics, and the 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 the 
financial institution's cyber risk management and oversight, threat 
intelligence capabilities, 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 the financial institution's 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 risk management and 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: \3\
---------------------------------------------------------------------------

    \3\ Burden is estimated conservatively and assumes all 
institutions will complete the Assessment. Therefore, the estimated 
burden may exceed the actual burden because use of the Assessment by 
financial institutions is not mandatory. The burden estimates for 
financial institutions include technology service providers who may 
assist financial institutions in completing their Assessments.

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               Estimated number of    Estimated number of
                                       Estimated number of      respondents $500        respondents $10      Estimated number of      Estimated total
     Assessment burden estimate       respondents less than   million -$10 billion    billion -$50 billion   respondents over $50  respondents and total
                                     $500 million @80 hours        @120 hours              @160 hours         billion @180 hours    annual burden hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
OCC National Banks and Federal       823 x 80 = 65,840       157 x 120 = 18,840      123 x 160 = 19,680     82 x 180 = 14,760      1,185 respondents
 Savings Associations.                hours.                  hours.                  hours.                 hours.                 119,120 hours.
FDIC State Non-Member Banks and      2,689 x 80 = 215,120    760 x 120 = 91,200      34 x 160 = 5,440       6 x 180 = 1,080 hours  3,489 respondents
 State Savings Associations.          hours.                  hours.                  hours.                                        312,840 hours.
Board State Member Banks and Bank    2,768 x 80 = 221,440    766 x 120 = 91,920      81 x 160 = 12,960      26 x 180 = 4,680       3,641 respondents
 Holding Companies.                   hours.                  hours.                  hours.                 hours.                 331,000 hours.
NCUA Federally-Insured Credit        4,830 x 80 = 386,400    536 x 120 = 64,320      8 x 160 = 1,280 hours  1 x 180 = 180 hours..  5,375 respondents
 Unions.                              hours.                  hours.                                                                452,180 hours.
                                    --------------------------------------------------------------------------------------------------------------------
    Total..........................  11,110 x 80 = hours =   2,219 x 120 hours =     246 hours x 160 =      115 hours x 180 =      13,690 respondents
                                      888,800.                266,280 hours.          39,360 hours.          20,700 hours.          1,215,140 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.

    Dated: March 29, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06644 Filed 4-4-19; 8:45 am]
 BILLING CODE 4810-33-P


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