REGULATION · US
Federal Reserve Vice Chair emphasizes community bank cybersecurity priorities
Federal Reserve Vice Chair for Supervision Bowman outlined cyber resilience expectations for community banks at the Community Bank Cyber Workshop, signaling increased supervisory scrutiny.
WHY IT MATTERS
Community banks (under $10B assets) face tighter Fed oversight on incident response, third-party vendor risk, and breach notification; compliance costs rise for smaller lenders.
Source: Federal Reserve · 2026-09-29