Major U.S. banks pause data sharing with this federal bureau after a cyberattack exposed sensitive information

Several of the largest U.S. banks are reportedly pausing or reassessing how they send sensitive information to the Office of the Comptroller of the Currency (OCC) following a major cyberattack on the regulator.

JPMorgan Chase and Bank of New York Mellon have halted electronic information-sharing with the OCC, Bloomberg reported. Bank of America is working to transmit data through what it considers more secure electronic channels, according to the report.

The moves come after hackers reportedly accessed more than 100 accounts within the OCC’s email system over the course of a year—a breach the OCC and U.S. Treasury have labeled a “major incident.” 

Read more at Fast Company