Better breach reporting

Each year, the Customer Owned Banking Code Compliance Committee holds in-depth compliance discussions with a sample of institutions for the Annual Compliance Statement (ACS) Verification Program. This gives the Committee valuable insights into institutions’ day-to-day management of their Code compliance obligations. These insights can inform best practice for institutions and improvements to the Committee’s own compliance monitoring activities.

This paper is part 2 of the insights from the ACS Verification Program: ‘Better breach reporting’.

The two other papers in this series are:

• Part 1 Managing Privacy Compliance (published on 18 May 2018)
• Part 3 Better complaint reporting (published on 1 June 2018)