JPMorgan Chase and Bank of New York Mellon have scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.
The breach, detected in mid-February, impacted over 100 accounts for more than a year and is considered a 'major incident.'
Banks' concerns about potential security risks to their own computer networks led to the decision to limit information sharing.
The breach has raised questions about the OCC's initial response and security measures, drawing scrutiny from U.S. congressional committees.