Answer:
Yes. Cyber events directly affecting the financial institution or the financial institution’s customer are occurring on an ever-increasing basis. Since the implementation of the new FinCEN SAR in 2011, a significant number of FinCEN SARs have been filed to record the events with the data being recorded in Part V, the FinCEN SAR Narrative. The data collected and submitted has provided law enforcement with valuable leads and insight into this emerging field. A review of the data reported indicates that prompt retrieval of cyber event information is a critical step in combating malicious cyber activity.
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