Banks and financial institutions regulated by the Office of the Comptroller of the Currency (OCC) faced elevated risks in 2021 from cyberattacks launched on them and their third parties, as well as compliance risks related to the pandemic.
According to the OCC’s “Semiannual Risk Perspective for Fall 2021,” released Monday, the agency has seen cyberattacks become more sophisticated and cause more damage, leading to elevated operational risks.
