SHOWCASE YOUR PHOTOS
DETAILS OF NOTIFICATION A banking organization must notify the appropriate federal regulator’s office or designated point of contact about a notification incident through email, telephone or another similar method prescribed by the federal regulator. Although the federal regulators found that email and telephone are the best methods currently available for effective notification, to account for evolving technology and forms of communication, the final rule allows regulators to prescribe other similar methods pursuant to which notice may be provided. A bank service provider must notify at least one bank- designated point of contact at each affected banking organization customer. Te final rule defines “bank service provider” to mean a bank service company or other person or entity that performs services subject to the Bank Service Company Act. A bank-designated point of contact is an email address, phone number or any other contact previously provided to the bank service provider by the banking organization customer. If none, the bank service provider should notify the CEO and chief information officer of the banking organization customer, or two individuals of comparable responsibilities, through any reasonable means. Te final rule does not set forth any specific content or format for these notifications. Rather, the final rule is designed to ensure that the appropriate federal regulator receives timely notice of significant emergent incidents while providing flexibility to the banking organizations and bank service providers to determine the content of the notification.
Federal bank regulatory agencies issued the final rule in response to the increasing frequency and severity of cyberattacks targeting the financial services industry. Recently, driven by similar concerns, the Federal Trade Commission announced a proposed rule that would require nonbanking financial institutions to report certain data breaches and other security incidents to the FTC.
As a corporate attorney, Leonard J. Essig is knowledgeable in a broad range of matters such as regulatory compliance and enforcement; executive compensation; mergers and acquisitions; and the structure, cybersecurity & data privacy practice, Melissa G. Powers has experience helping companies mitigate the risk involved with collecting and sharing personal data. Visit
lewisrice.com to learn more. Lewis Rice is an MBA associate member.
Calling all photographers! The Missouri Bankers Association is accepting photo submissions for its 2023 Scenes of Missouri calendar. These photos
s! s
depict the beauty of the Show-Me State — from the Bootheel to the Ozarks to the northern farmland, our great cities and all points in between — anything that features Missouri scenery, historical locations, the changing seasons, city scenes, wildlife and more. You could win $100 if your photo is chosen as “Best of Show!”
Show-Me State—
MBA’s calendar features photos from MBA-member bank employees, directors and their family members. For more than a decade, dozens of Missouri photographers have had their photos featured. You could be next!
Sold exclusively to banks throughout Missouri, these calendars make fantastic gifts for customers to enjoy year-round and to promote your bank. Only digital photos are being accepted until Tuesday, May 31. Email photos to
photos@mobankers.com or submit them on a CD.
For complete entry details and a photo contest entry form, visit
mobankers.com. If you have questions, contact Carol Barnett at MBA at 573-636-8151 or
cbarnett@mobankers.com.
THE MISSOURI BANKER 23
IN 2 O C
IN MBA’S
2023 SCENES OF MISSOURI CALENDAR!
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