ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Comprehensive Summary: The new summary recaps the new rule’s coverage, assessment areas, new tests, community development credit, recordkeeping requirements, and more. ICBA previously released a high-level summary of the nearly 1,500-page rule.

Briefing Rescheduled: ICBA separately rescheduled a community bank briefing on the CRA rule. The briefing is now slated for 10 a.m. (Eastern time) Tuesday, Nov. 28.

Agencies warn of Scattered Spider cyber group

The Cybersecurity and Infrastructure Security Agency and FBI released a joint cybersecurity advisory on Scattered Spider, a cybercriminal group targeting commercial facilities sectors and subsectors.

Details: Scattered Spider threat actors typically engage in data theft for extortion using multiple social engineering techniques and have recently leveraged BlackCat/ALPHV ransomware alongside their usual TTPs. The advisory provides tactics, techniques, and procedures to help organizations protect their networks against these threat actors.

ICBA Security Resources: Additional community bank security resources are available to ICBA members on ICBA’s Cyber and Data Security resource center.