BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions

<!DOCTYPE html> <html lang="en"> <head> <meta charset="utf-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <script type="text/javascript"> /* <![CDATA[ */ var gform;gform||(document.addEventListener("gform_main_scripts_loaded",function(){gform.scriptsLoaded=!0}),document.addEventListener("gform/theme/scripts_loaded",function(){gform.themeScriptsLoaded=!0}),window.addEventListener("DOMContentLoaded",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>"function"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn("The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1."),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener("gform_main_scripts_loaded",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener("gform/theme/scripts_loaded",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener("DOMContentLoaded",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook("action",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook("filter",o,r,e,t)},doAction:function(o){gform.doHook("action",o,arguments)},applyFilters:function(o){return gform.doHook("filter",o,arguments)},removeAction:function(o,r){gform.removeHook("action",o,r)},removeFilter:function(o,r,e){gform.removeHook("filter",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+"_"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){"function"!=typeof(t=o.callable)&&(t=window[t]),"action"==r?t.apply(null,e):e[0]=t.apply(null,e)})),"filter"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}}); /* ]]> */ </script> <meta name="viewport" content="width=device-width, initial-scale=1"> <link rel="shortcut icon" href="https://bpi.com/wp-content/themes/bpi/favicon.ico"/> <script> window.placeholderImage = "https://bpi.com/wp-content/uploads/2020/10/bpi-default-post-thumbnail.png"; </script> <script> (function(d){ var js, id = 'powr-js', ref = d.getElementsByTagName('script')[0]; if (d.getElementById(id)) {return;} js = d.createElement('script'); js.id = id; js.async = true; js.src = '//www.powr.io/powr.js?external-type=wordpress'; js.setAttribute('powr-token','jsoD10XTpD1636380391'); ref.parentNode.insertBefore(js, ref); }(document)); </script> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' /> <style>img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px }</style>  <title>BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions - Bank Policy Institute</title> <meta name="description" content="Dear Director Easterly, The Bank Policy Institute and its technology division BITS appreciate the opportunity to comment on the Cybersecurity and" /> <link rel="canonical" href="https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions - Bank Policy Institute" /> <meta property="og:description" content="Dear Director Easterly, The Bank Policy Institute and its technology division BITS appreciate the opportunity to comment on the Cybersecurity and" /> <meta property="og:url" content="https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" /> <meta property="og:site_name" content="Bank Policy Institute" /> <meta property="article:published_time" content="2024-11-27T19:22:45+00:00" /> <meta property="article:modified_time" content="2024-11-27T19:22:46+00:00" /> <meta property="og:image" content="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc.jpg" /> <meta property="og:image:width" content="1000" /> <meta property="og:image:height" content="416" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="author" content="Yany Aibangbee" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:label1" content="Written by" /> <meta name="twitter:data1" content="Yany Aibangbee" /> <meta name="twitter:label2" content="Est. reading time" /> <meta name="twitter:data2" content="3 minutes" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"Article","@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#article","isPartOf":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/"},"author":{"name":"Yany Aibangbee","@id":"https://bpi.com/#/schema/person/6531f51ff666dd1410a9f472a1560bd9"},"headline":"BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions","datePublished":"2024-11-27T19:22:45+00:00","dateModified":"2024-11-27T19:22:46+00:00","mainEntityOfPage":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/"},"wordCount":613,"commentCount":0,"publisher":{"@id":"https://bpi.com/#organization"},"image":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#primaryimage"},"thumbnailUrl":"https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc.jpg","articleSection":["Data Privacy","Security"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#respond"]}]},{"@type":"WebPage","@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/","url":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/","name":"BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions - Bank Policy Institute","isPartOf":{"@id":"https://bpi.com/#website"},"primaryImageOfPage":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#primaryimage"},"image":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#primaryimage"},"thumbnailUrl":"https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc.jpg","datePublished":"2024-11-27T19:22:45+00:00","dateModified":"2024-11-27T19:22:46+00:00","description":"Dear Director Easterly, The Bank Policy Institute and its technology division BITS appreciate the opportunity to comment on the Cybersecurity and","breadcrumb":{"@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#primaryimage","url":"https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc.jpg","contentUrl":"https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc.jpg","width":1000,"height":416,"caption":"Hand signing legal document"},{"@type":"BreadcrumbList","@id":"https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://bpi.com/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https://bpi.com/blog/"},{"@type":"ListItem","position":3,"name":"BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions"}]},{"@type":"WebSite","@id":"https://bpi.com/#website","url":"https://bpi.com/","name":"Bank Policy Institute","description":"","publisher":{"@id":"https://bpi.com/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://bpi.com/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https://bpi.com/#organization","name":"Bank Policy Institute","url":"https://bpi.com/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://bpi.com/#/schema/logo/image/","url":"https://bpi.com/wp-content/uploads/2019/05/cropped-bpi-favicon-1.png","contentUrl":"https://bpi.com/wp-content/uploads/2019/05/cropped-bpi-favicon-1.png","width":512,"height":512,"caption":"Bank Policy Institute"},"image":{"@id":"https://bpi.com/#/schema/logo/image/"}},{"@type":"Person","@id":"https://bpi.com/#/schema/person/6531f51ff666dd1410a9f472a1560bd9","name":"Yany Aibangbee","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://bpi.com/#/schema/person/image/","url":"https://secure.gravatar.com/avatar/990dae71158d58b7d312fc8b0eb43c7e?s=96&d=mm&r=g","contentUrl":"https://secure.gravatar.com/avatar/990dae71158d58b7d312fc8b0eb43c7e?s=96&d=mm&r=g","caption":"Yany Aibangbee"},"url":"https://bpi.com/author/yanyaibangbee/"}]}</script>  <link rel='dns-prefetch' href='//www.powr.io' /> <link rel='dns-prefetch' href='//cdn.jsdelivr.net' /> <link rel='dns-prefetch' href='//kit.fontawesome.com' /> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <link rel="alternate" type="application/rss+xml" title="Bank Policy Institute » BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions Comments Feed" href="https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/bpi.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.7.1"}}; /*! This file is auto-generated */ !function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\uddfa\ud83c\uddf3","\ud83c\uddfa\u200b\ud83c\uddf3")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!n(e,"\ud83d\udc26\u200d\u2b1b","\ud83d\udc26\u200b\u2b1b")}return!1}function f(e,t,n){var r="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement("canvas"),a=r.getContext("2d",{willReadFrequently:!0}),o=(a.textBaseline="top",a.font="600 32px Arial",{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement("script");t.src=e,t.defer=!0,i.head.appendChild(t)}"undefined"!=typeof Promise&&(o="wpEmojiSettingsSupports",s=["flag","emoji"],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener("DOMContentLoaded",e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(s),u.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"}),a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],"flag"!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings); /* ]]> */ </script> <link rel='stylesheet' id='sdm-styles-css' href='https://bpi.com/wp-content/plugins/simple-download-monitor/css/sdm_wp_styles.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-quicklatex-format-css' href='https://bpi.com/wp-content/plugins/wp-quicklatex/css/quicklatex-format.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='twb-open-sans-css' href='https://fonts.googleapis.com/css?family=Open+Sans%3A300%2C400%2C500%2C600%2C700%2C800&display=swap&ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='twbbwg-global-css' href='https://bpi.com/wp-content/plugins/photo-gallery/booster/assets/css/global.css?ver=1.0.0' type='text/css' media='all' /> <style id='wp-emoji-styles-inline-css' type='text/css'> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 0.07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel='stylesheet' id='wp-block-library-css' href='https://bpi.com/wp-includes/css/dist/block-library/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-components-css' href='https://bpi.com/wp-includes/css/dist/components/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-preferences-css' href='https://bpi.com/wp-includes/css/dist/preferences/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-block-editor-css' href='https://bpi.com/wp-includes/css/dist/block-editor/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-reusable-blocks-css' href='https://bpi.com/wp-includes/css/dist/reusable-blocks/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-patterns-css' href='https://bpi.com/wp-includes/css/dist/patterns/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='wp-editor-css' href='https://bpi.com/wp-includes/css/dist/editor/style.min.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='powrful_pack-style-css-css' href='https://bpi.com/wp-content/plugins/powr-pack/dist/blocks.style.build.css?ver=6.7.1' type='text/css' media='all' /> <style id='classic-theme-styles-inline-css' type='text/css'> /*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} </style> <style id='global-styles-inline-css' type='text/css'> :root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--color--dark-purple: #480081;--wp--preset--color--light-purple: #F7EFFF;--wp--preset--color--orange: #FF5C00;--wp--preset--color--yellow-orange: #FF9B00;--wp--preset--color--cool-gray: #CFCFCF;--wp--preset--color--light-gray: #F8F8F8;--wp--preset--color--written-text: #6B6A71;--wp--preset--color--bright-purple: #681E9C;--wp--preset--color--dark-gray: #8C8C8C;--wp--preset--color--light-orange: #FFF5E6;--wp--preset--color--meta-gray: #8C8C8C;--wp--preset--color--status-error: #F8333C;--wp--preset--color--status-accepted: #00D4A0;--wp--preset--color--dark-metal: #1D1A31;--wp--preset--color--tirian-purple: #5F0F40;--wp--preset--color--middle-red-purple: #2C0735;--wp--preset--color--chalk: #F4F4ED;--wp--preset--color--wild-blue-yonder: #9EB3C2;--wp--preset--color--papaya-whip: #FFF1D0;--wp--preset--color--spilled-juice: #D2CBD8;--wp--preset--color--sunglow: #FFBE3F;--wp--preset--color--status-alert: #97DFFC;--wp--preset--color--not-pastel-purple: #868CA9;--wp--preset--color--independence: #444B6E;--wp--preset--color--barely-purple: #F3F5FB;--wp--preset--color--timberwolf: #DBD5B5;--wp--preset--color--light-grey-purple: #F4F5F7;--wp--preset--color--written-text-2-on-grey: #4E4D53;--wp--preset--color--wireframe-2: #676B73;--wp--preset--color--wireframe-4: #B4B6BF;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 16px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 24px;--wp--preset--font-size--x-large: 42px;--wp--preset--font-size--xsmall: 14px;--wp--preset--font-size--regular: 20px;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;} :where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;} :where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;} :root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;} </style> <link rel='stylesheet' id='bwg_fonts-css' href='https://bpi.com/wp-content/plugins/photo-gallery/css/bwg-fonts/fonts.css?ver=0.0.1' type='text/css' media='all' /> <link rel='stylesheet' id='sumoselect-css' href='https://bpi.com/wp-content/plugins/photo-gallery/css/sumoselect.min.css?ver=3.4.6' type='text/css' media='all' /> <link rel='stylesheet' id='mCustomScrollbar-css' href='https://bpi.com/wp-content/plugins/photo-gallery/css/jquery.mCustomScrollbar.min.css?ver=3.1.5' type='text/css' media='all' /> <link rel='stylesheet' id='bwg_googlefonts-css' href='https://fonts.googleapis.com/css?family=Ubuntu&subset=greek,latin,greek-ext,vietnamese,cyrillic-ext,latin-ext,cyrillic' type='text/css' media='all' /> <link rel='stylesheet' id='bwg_frontend-css' href='https://bpi.com/wp-content/plugins/photo-gallery/css/styles.min.css?ver=1.8.31' type='text/css' media='all' /> <link rel='stylesheet' id='simple-youtube-responsive-css' href='https://bpi.com/wp-content/plugins/simple-youtube-responsive/css/yt-responsive.css?ver=3.2.5' type='text/css' media='all' /> <link rel='stylesheet' id='daterangepicker-css' href='https://cdn.jsdelivr.net/npm/daterangepicker/daterangepicker.css' type='text/css' media='all' /> <link rel='stylesheet' id='slick-css' href='https://cdn.jsdelivr.net/npm/slick-carousel@1.8.1/slick/slick.css?ver=6.7.1' type='text/css' media='all' /> <link rel='stylesheet' id='google-fonts-css' href='//fonts.googleapis.com/css?family=Roboto:i,400,500,600,700|Roboto+Condensed:600,700|Open+Sans:i,400,700|Barlow+Semi+Condensed:600|Barlow:600&subset=latin' type='text/css' media='all' /> <link rel='stylesheet' id='base-styles-css' href='https://bpi.com/wp-content/themes/bpi/assets/css/style.css' type='text/css' media='all' /> <link rel='stylesheet' id='fancybox-css' href='https://bpi.com/wp-content/plugins/easy-fancybox/fancybox/1.5.4/jquery.fancybox.min.css?ver=6.7.1' type='text/css' media='screen' /> <style id='fancybox-inline-css' type='text/css'> #fancybox-content{border-color:#ffffff;}#fancybox-title,#fancybox-title-float-main{color:#fff} </style> <link rel='stylesheet' id='__EPYT__style-css' href='https://bpi.com/wp-content/plugins/youtube-embed-plus/styles/ytprefs.min.css?ver=14.2.1.2' type='text/css' media='all' /> <style id='__EPYT__style-inline-css' type='text/css'> .epyt-gallery-thumb { width: 33.333%; } </style> <script type="text/javascript" src="https://bpi.com/wp-includes/js/jquery/jquery.min.js?ver=3.7.1" id="jquery-core-js"></script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.4.1" id="jquery-migrate-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/booster/assets/js/circle-progress.js?ver=1.2.2" id="twbbwg-circle-js"></script> <script type="text/javascript" id="twbbwg-global-js-extra"> /* <![CDATA[ */ var twb = {"nonce":"0032bbaf83","ajax_url":"https:\/\/bpi.com\/wp-admin\/admin-ajax.php","plugin_url":"https:\/\/bpi.com\/wp-content\/plugins\/photo-gallery\/booster","href":"https:\/\/bpi.com\/wp-admin\/admin.php?page=twbbwg_photo-gallery"}; var twb = {"nonce":"0032bbaf83","ajax_url":"https:\/\/bpi.com\/wp-admin\/admin-ajax.php","plugin_url":"https:\/\/bpi.com\/wp-content\/plugins\/photo-gallery\/booster","href":"https:\/\/bpi.com\/wp-admin\/admin.php?page=twbbwg_photo-gallery"}; /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/booster/assets/js/global.js?ver=1.0.0" id="twbbwg-global-js"></script> <script type="text/javascript" src="//www.powr.io/powr.js?external-type=wordpress&ver=6.7.1" id="powr-js-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/js/jquery.sumoselect.min.js?ver=3.4.6" id="sumoselect-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/js/tocca.min.js?ver=2.0.9" id="bwg_mobile-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/js/jquery.mCustomScrollbar.concat.min.js?ver=3.1.5" id="mCustomScrollbar-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/js/jquery.fullscreen.min.js?ver=0.6.0" id="jquery-fullscreen-js"></script> <script type="text/javascript" id="bwg_frontend-js-extra"> /* <![CDATA[ */ var bwg_objectsL10n = {"bwg_field_required":"field is required.","bwg_mail_validation":"This is not a valid email address.","bwg_search_result":"There are no images matching your search.","bwg_select_tag":"Select Tag","bwg_order_by":"Order By","bwg_search":"Search","bwg_show_ecommerce":"Show Ecommerce","bwg_hide_ecommerce":"Hide Ecommerce","bwg_show_comments":"Show Comments","bwg_hide_comments":"Hide Comments","bwg_restore":"Restore","bwg_maximize":"Maximize","bwg_fullscreen":"Fullscreen","bwg_exit_fullscreen":"Exit Fullscreen","bwg_search_tag":"SEARCH...","bwg_tag_no_match":"No tags found","bwg_all_tags_selected":"All tags selected","bwg_tags_selected":"tags selected","play":"Play","pause":"Pause","is_pro":"","bwg_play":"Play","bwg_pause":"Pause","bwg_hide_info":"Hide info","bwg_show_info":"Show info","bwg_hide_rating":"Hide rating","bwg_show_rating":"Show rating","ok":"Ok","cancel":"Cancel","select_all":"Select all","lazy_load":"0","lazy_loader":"https:\/\/bpi.com\/wp-content\/plugins\/photo-gallery\/images\/ajax_loader.png","front_ajax":"0","bwg_tag_see_all":"see all tags","bwg_tag_see_less":"see less tags"}; /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/photo-gallery/js/scripts.min.js?ver=1.8.31" id="bwg_frontend-js"></script> <script type="text/javascript" id="sdm-scripts-js-extra"> /* <![CDATA[ */ var sdm_ajax_script = {"ajaxurl":"https:\/\/bpi.com\/wp-admin\/admin-ajax.php"}; /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/simple-download-monitor/js/sdm_wp_scripts.js?ver=6.7.1" id="sdm-scripts-js"></script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/dist/vendor/moment.min.js?ver=2.30.1" id="moment-js"></script> <script type="text/javascript" id="moment-js-after"> /* <![CDATA[ */ moment.updateLocale( 'en_US', {"months":["January","February","March","April","May","June","July","August","September","October","November","December"],"monthsShort":["Jan","Feb","Mar","Apr","May","Jun","Jul","Aug","Sep","Oct","Nov","Dec"],"weekdays":["Sunday","Monday","Tuesday","Wednesday","Thursday","Friday","Saturday"],"weekdaysShort":["Sun","Mon","Tue","Wed","Thu","Fri","Sat"],"week":{"dow":1},"longDateFormat":{"LT":"g:i a","LTS":null,"L":null,"LL":"F j, Y","LLL":"F j, Y g:i a","LLLL":null}} ); /* ]]> */ </script> <script type="text/javascript" src="https://cdn.jsdelivr.net/npm/daterangepicker/daterangepicker.min.js?ver=latest" id="daterangepicker-js"></script> <script type="text/javascript" src="https://kit.fontawesome.com/71d3bd93c8.js?ver=6.7.1" id="font-awesome-js"></script> <script type="text/javascript" src="https://cdn.jsdelivr.net/npm/slick-carousel@1.8.1/slick/slick.min.js?ver=6.7.1" id="slick-js"></script> <script type="text/javascript" id="__ytprefs__-js-extra"> /* <![CDATA[ */ var _EPYT_ = {"ajaxurl":"https:\/\/bpi.com\/wp-admin\/admin-ajax.php","security":"b9f8e50c32","gallery_scrolloffset":"20","eppathtoscripts":"https:\/\/bpi.com\/wp-content\/plugins\/youtube-embed-plus\/scripts\/","eppath":"https:\/\/bpi.com\/wp-content\/plugins\/youtube-embed-plus\/","epresponsiveselector":"[\"iframe.__youtube_prefs__\",\"iframe[src*='youtube.com']\",\"iframe[src*='youtube-nocookie.com']\",\"iframe[data-ep-src*='youtube.com']\",\"iframe[data-ep-src*='youtube-nocookie.com']\",\"iframe[data-ep-gallerysrc*='youtube.com']\"]","epdovol":"1","version":"14.2.1.2","evselector":"iframe.__youtube_prefs__[src], iframe[src*=\"youtube.com\/embed\/\"], iframe[src*=\"youtube-nocookie.com\/embed\/\"]","ajax_compat":"","maxres_facade":"eager","ytapi_load":"light","pause_others":"","stopMobileBuffer":"1","facade_mode":"1","not_live_on_channel":"","vi_active":"","vi_js_posttypes":[]}; /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/youtube-embed-plus/scripts/ytprefs.min.js?ver=14.2.1.2" id="__ytprefs__-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/wp-quicklatex/js/wp-quicklatex-frontend.js?ver=1.0" id="wp-quicklatex-frontend-js"></script> <link rel="https://api.w.org/" href="https://bpi.com/wp-json/" /><link rel="alternate" title="JSON" type="application/json" href="https://bpi.com/wp-json/wp/v2/posts/50863" /><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://bpi.com/xmlrpc.php?rsd" /> <meta name="generator" content="WordPress 6.7.1" /> <link rel='shortlink' href='https://bpi.com/?p=50863' /> <link rel="alternate" title="oEmbed (JSON)" type="application/json+oembed" href="https://bpi.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fbpi.com%2Fbpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions%2F" /> <link rel="alternate" title="oEmbed (XML)" type="text/xml+oembed" href="https://bpi.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fbpi.com%2Fbpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions%2F&format=xml" /> <script src="https://my.hellobar.com/bc14c1025a2fec8452133e6d41278082399e89f0.js" type="text/javascript" charset="utf-8" async="async"></script><style type="text/css">.blue-message { background: none repeat scroll 0 0 #3399ff; color: #ffffff; text-shadow: none; font-size: 14px; line-height: 24px; padding: 10px; } .green-message { background: none repeat scroll 0 0 #8cc14c; color: #ffffff; text-shadow: none; font-size: 14px; line-height: 24px; padding: 10px; } .orange-message { background: none repeat scroll 0 0 #faa732; color: #ffffff; text-shadow: none; font-size: 14px; line-height: 24px; padding: 10px; } .red-message { background: none repeat scroll 0 0 #da4d31; color: #ffffff; text-shadow: none; font-size: 14px; line-height: 24px; padding: 10px; } .grey-message { background: none repeat scroll 0 0 #53555c; color: #ffffff; text-shadow: none; font-size: 14px; line-height: 24px; padding: 10px; } .left-block { background: none repeat scroll 0 0px, radial-gradient(ellipse at center center, #ffffff 0%, #f2f2f2 100%) repeat scroll 0 0 rgba(0, 0, 0, 0); color: #8b8e97; padding: 10px; margin: 10px; float: left; } .right-block { background: none repeat scroll 0 0px, radial-gradient(ellipse at center center, #ffffff 0%, #f2f2f2 100%) repeat scroll 0 0 rgba(0, 0, 0, 0); color: #8b8e97; padding: 10px; margin: 10px; float: right; } .blockquotes { background: none; border-left: 5px solid #f1f1f1; color: #8B8E97; font-size: 14px; font-style: italic; line-height: 22px; padding-left: 15px; padding: 10px; width: 60%; float: left; } </style><link rel="icon" href="https://bpi.com/wp-content/uploads/2019/05/cropped-cropped-bpi-favicon-32x32.png" sizes="32x32" /> <link rel="icon" href="https://bpi.com/wp-content/uploads/2019/05/cropped-cropped-bpi-favicon-192x192.png" sizes="192x192" /> <link rel="apple-touch-icon" href="https://bpi.com/wp-content/uploads/2019/05/cropped-cropped-bpi-favicon-180x180.png" /> <meta name="msapplication-TileImage" content="https://bpi.com/wp-content/uploads/2019/05/cropped-cropped-bpi-favicon-270x270.png" /> <style type="text/css" id="wp-custom-css"> .wp-block-quote { margin-top: 20px; margin-bottom: 40px; padding-top: 0px; padding-bottom: 0px; } .wysiwyg blockquote cite { margin-top: 0.25rem; text-align: left; color: #6b6a71; width: 100%; padding-left: 0.75em; } .wysiwyg blockquote, .wysiwyg blockquote p { font-size: 1.25rem; line-height: 1.8; font-family: Open Sans,sans-serif; font-style: normal; font-weight: 400; padding: 0.75em; color: #6b6a71; } @media only screen and (max-width: 775px) { .wysiwyg blockquote, .wysiwyg blockquote p { font-size: 1.125rem; } } .wysiwyg blockquote cite { position: static; margin-top: 0.25rem; text-align: left; color: #6b6a71; } .wysiwyg blockquote cite:before { content: "–"; margin-right: 6px; } .wysiwyg blockquote:before { content: none; } .wysiwyg blockquote { font-size: auto; font-family: Open Sans,sans-serif; border: 0; margin: 1.5em 0.5em; padding: 0.75m; line-height: 1.8; color: #6b6a71; } .algolia-result { margin-bottom: 1em; } .p2, .wysiwyg .has-large-font-size, .wysiwyg .has-regular-font-size, .wysiwyg ol li, .wysiwyg p, .wysiwyg ul li, body.error404 .subtitle-404 { overflow-wrap: break-word; } .gf_coupon_item { color: white; } @media all and (max-width: 768px) { .hide-on-mobile { display: none !important; }} .gmap-responsive{ overflow:hidden; padding-bottom:56.25%; position:relative; border:none; height:0; } .gmap-responsive iframe{ left:0; top:0; height:100%; width:100%; position:absolute; top:-70px; border:none; } .pref-hotel-table td{ padding: 10px; } .advgb-recent-posts-block .advgb-recent-post .advgb-post-title { font-size: 1.25rem; } .breadcrumbs { overflow: hidden; } @media all and (max-width: 768px) { .wp-block-column:not(:only-child) { flex-basis: calc(100% - 1em)!important; flex-grow: 0; }} @media all and (max-width: 768px) { .block-bits-research .column .featured-posts { flex-wrap:nowrap!important; }} @media only screen and (max-width: 416px) { #bio-button { margin-top: .25rem; }} @media only screen and (max-width: 416px) { #cv-button { margin-top: .25rem; }} @media only screen and (max-width: 416px) { #headshot-button { margin-top: .25rem; }} .staff-interview a { padding-top: 0px!important; } .block-post-spotlight .block-title { margin-left: 0px; } .menu-button .nav-main-link { background-color: #ff9b00; color: #ffffff; padding: 3px 10px; border-radius: 6px; text-decoration: none; display: inline-block; text-align: center; transition: background-color 0.3s ease; } @media only screen and (max-width: 768px) { .menu-button .nav-main-link { margin-top: 10px; /* Adjust the value as needed */ } } </style>    <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-K82HJCX');</script>  <meta name="facebook-domain-verification" content="kiyyoqqmcmy8zqrhhj3vt8la9c0m8i" /> </head> <body class="post-template-default single single-post postid-50863 single-format-standard wp-embed-responsive">  <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-K82HJCX" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>  <a class="skip-link" href="#main">Skip to content</a> <div class="modal is-hidden modal-youtube"> <div class="modal-embed-container"> <div class="modal-youtube-embed"> <div class="modal-youtube-close js-hideYoutubeModal"> Close <span class="icon far fa-times"></span> </div> <div class="modal-youtube-iframe"></div> </div> </div> </div> <header> <a href="/"><img data-skip-lazy class="logo long-logo" src="/wp-content/themes/bpi/assets/images/bpi-logo.png" alt="Bank Policy Institute"><img data-skip-lazy class="logo short-logo" src="/wp-content/themes/bpi/assets/images/bpi-mark.png" alt="Bank Policy Institute"></a> <nav> <ul> <li class=" menu-item menu-item-type-custom menu-item-object-custom menu-item-10423 menu-item-has-children"> <a class="nav-main-link" href="/about-us" >About Us <span class="far fa-angle-down"></span> </a> <ul class="dropdown"> <li> <a href="/about-us" >Overview</a> </li> <li> <a href="/about-us#membership" >Membership</a> </li> <li> <a href="/about-us#board-members" >Leadership</a> </li> <li> <a href="/about-us#bpi-team" >Our Team</a> </li> <li> <a href="/bits" >About BITS</a> </li> <li> <a href="https://bpi.com/research-team/" >About the Research Team</a> </li> <li> <a href="https://bpi.com/careers/" >Careers</a> </li> <li> <a href="/contact-us" >Contact Us</a> </li> <li> <a href="https://bpi.com/frequently-asked-questions/" >Frequently Asked Questions</a> </li> </ul> </li> <li class="menu-item-has-children menu-item menu-item-type-custom menu-item-object-custom menu-item-10432"> <a class="nav-main-link" href="/issues-and-topics/" >Issues <span class="far fa-angle-down"></span> </a> <div class="topics-dropdown-container"> <div class="dropdown topics-dropdown"> <div> <div class="topics"> <span class="dropdown-title topic-title">Topics</span> <ul> <li> <a href="https://bpi.com/category/aml-cft/" >AML, Bank Secrecy Act</a> </li> <li> <a href="https://bpi.com/category/activities-structure/" >Bank Activities and Structure</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/" >Bank Capital</a> </li> <li> <a href="https://bpi.com/category/liquidity/" >Bank Liquidity</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/basel-finalization/" >Basel Finalization</a> </li> <li> <a href="https://bpi.com/category/consumer-affairs/" >Consumer Affairs</a> </li> <li> <a href="https://bpi.com/category/cybersecurity/" >Cybersecurity</a> </li> <li> <a href="https://bpi.com/mergers-and-acquisitions/" >Mergers and Acquisitions</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/stress-testing/" >Stress Testing</a> </li> <li> <a href="https://bpi.com/category/supervision-enforcement/" >Supervision & Enforcement</a> </li> </ul> <a href="/issues-and-topics/" class="button primary small">View All Issues</a> <button class="issues-mobile-switch"> <span>Issues in Focus</span> <span class="far fa-angle-right"></span> </button> </div> <div class="issues"> <button class="topics-mobile-switch"> <span class="far fa-angle-left"></span> Back</button> <span class="dropdown-title">Issues in Focus</span> <div class="issues-image"> <a href="https://chainstorecharity.com/" rel="nofollow noopener"> <img src="https://bpi.com/wp-content/uploads/2024/07/IMG_4104.png"> </a> </div> <a class="dropdown-title overview-title" href="/initiatives" >Latest Projects</a> <ul> <li> <a href="https://bpi.com/basel-accord/" >Basel III Accord U.S. Finalization</a> </li> <li> <a href="https://bpi.com/category/fintech-innovation/digital-assets/central-bank-digital-currency/" >Central Bank Digital Currency</a> </li> <li> <a href="https://bpi.com/bank-commitments-to-improve-diversity-and-inclusion/" >Diversity and Inclusion</a> </li> <li> <a href="/everyday-bpi" >Economic Impact of BPI Members</a> </li> <li> <a href="https://bpi.com/fed-account-access/" >Fed Account Access for Nonbanks</a> </li> <li> <a href="https://keepbankingsafe.com/" >FinTech, Big Tech and the Safety of the Banking System</a> </li> <li> <a href="https://bpi.com/category/supervision-enforcement/silicon-valley-bank/" >Silicon Valley Bank</a> </li> </ul> </div> </div> </div> </div> </li> <li class=" menu-item menu-item-type-custom menu-item-object-custom menu-item-10434 menu-item-has-children"> <a class="nav-main-link" href="/initiatives" >Projects <span class="far fa-angle-down"></span> </a> <ul class="dropdown"> <li> <a href="https://bpi.com/americas-large-banks-foundation-of-free-enterprise/" >Banks: Foundation of Free Enterprise</a> </li> <li> <a href="https://chainstorecharity.com/" >Chain Store Charity</a> </li> <li> <a href="https://bpi.com/bank-commitments-to-improve-diversity-and-inclusion/" >Diversity and Inclusion</a> </li> <li> <a href="/everyday-bpi/" >Economic Impact of BPI Members</a> </li> <li> <a href="http://endanonymousshellcompanies.com/" target=_blank>End Anonymous Shell Companies</a> </li> <li> <a href="https://bpi.com/fed-account-access/" >Fed Account Access for Nonbanks</a> </li> <li> <a href="https://bpi.com/stress-tests/" >Federal Reserve Annual Stress Test</a> </li> <li> <a href="https://keepbankingsafe.com" target=_blank>Keep Banking Safe</a> </li> <li> <a href="https://bpi.com/mergers-and-acquisitions/" >Mergers and Acquisitions</a> </li> <li> <a href="/sheltered-harbor/" >Sheltered Harbor</a> </li> <li> <a href="https://stopbaselendgame.com" >Stop Basel Endgame</a> </li> </ul> </li> <li class=" menu-item menu-item-type-custom menu-item-object-custom menu-item-21530 menu-item-has-children"> <a class="nav-main-link" href="/resources" >Resources <span class="far fa-angle-down"></span> </a> <ul class="dropdown"> <li> <a href="https://bpi.com/document-type/comment-letters/" >Comment Letters</a> </li> <li> <a href="https://bpi.com/document-type/congressional-letters/" >Congressional Letters</a> </li> <li> <a href="https://bpi.com/document-type/one-pagers/" >One-pagers</a> </li> <li> <a href="https://bpi.com/document-type/reportswhite-papers/" >Reports and Research Notes</a> </li> <li> <a href="https://bpi.com/document-type/testimonies/" >Testimonies</a> </li> <li> <a href="https://bpi.com/search/" >All Recent Content</a> </li> </ul> </li> <li class=" menu-item menu-item-type-post_type menu-item-object-page menu-item-10737 menu-item-has-children"> <a class="nav-main-link" href="https://bpi.com/media/" >Media <span class="far fa-angle-down"></span> </a> <ul class="dropdown"> <li> <a href="https://bpi.com/media/media-contacts/" >Media Contacts</a> </li> <li> <a href="https://bpi.com/document-type/press/" >Press Releases</a> </li> <li> <a href="https://bpi.com/document-type/newsletter/" >Newsletters</a> </li> <li> <a href="https://bpi.com/category/research-exchange/" >Research Exchange</a> </li> <li> <a href="https://bpi.com/document-type/podcasts/" >Podcasts</a> </li> <li> <a href="https://bpi.com/document-type/news/" >Op-Eds & Highlights</a> </li> <li> <a href="https://bpi.com/media/bpi-multimedia-gallery/" >Multimedia Hub</a> </li> </ul> </li> <li class=" menu-item menu-item-type-custom menu-item-object-custom menu-item-10436"> <a class="nav-main-link" href="/blog">Blog</a> </li> <li class="menu-button menu-item menu-item-type-custom menu-item-object-custom menu-item-47723"> <a class="nav-main-link" href="https://bpi.com/sign-up/">Subscribe</a> </li> </ul> </nav> <div class="header-end normal-end"> <button class="button text search-button" aria-label="Search"> <span class="fas fa-search"></span> </button> <button class="button text mobile-menu-button" aria-label="Menu"> <span class="fas fa-bars"></span> </button> </div> <div id="search-bar"> <algolia-search-cta index-prefix="prod_"/> </div> </header> <main id="main"> <div id="search-cta"> <algolia-search-cta index-prefix="prod_"/> </div> <article> <section class="breadcrumbs"> <div class="breadcrumbs-holder"> <a href="/" title="Bank Policy Institute Homepage" class="breadcrumb-item"> Home </a><span class="separator">/</span> <a href="/category/security" title="Security" class="breadcrumb-item">Security</a><span class="separator">/</span> <a href="/document-type/comment-letters" title="Comment Letters" class="breadcrumb-item">Comment Letters</a><span class="separator">/</span> <a href="/agency/cybersecurity-infrastructure-security-agency" title="Cybersecurity & Infrastructure Security Agency" class="breadcrumb-item">Cybersecurity & Infrastructure Security Agency</a> </div> </section> <ul class="post-topics topics-list"> <li> <a href="https://bpi.com/category/security/data-privacy/">Data Privacy</a> </li> <li> <a href="https://bpi.com/category/security/">Security</a> </li> </ul> <div class="post-top-container container-1000"> <h1 class="post-title">BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions</h1> <div class="post-meta"> <address> <span class="fal fa-user-circle"></span> <a href="https://bpi.com/people/bpi-staff/">BPI Staff</a> </address> <time datetime="2024-11-27T14:22:45-05:00"> <span class="fal fa-clock"></span> November 27, 2024 </time> <a class="button small purple ghost pill icon print" href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf" target="_blank"><span class="fal fa-print"></span>Print</a> </div> </div> <div class="container"> <div class="post-content wysiwyg container-1000"> <p>Dear Director Easterly,</p> <p>The Bank Policy Institute<a id="_ftnref1" href="#_ftn1"><sup>[1]</sup></a> and its technology division BITS<a id="_ftnref2" href="#_ftn2"><sup>[2]</sup></a> appreciate the opportunity to comment on the Cybersecurity and Infrastructure Security Agency’s (“CISA”) proposed security requirements as directed by Executive Order 14117, <em>Preventing Access to Americans’ Bulk Sensitive Data and U.S. Government-Related Data by Countries of Concern</em><a id="_ftnref3" href="#_ftn3"><sup>[3]</sup></a> and the Department of Justice’s accompanying Notice of Proposed Rulemaking (“NPRM”)<a id="_ftnref4" href="#_ftn4"><sup>[4]</sup></a> CISA’s proposed security requirements would have wide-ranging impacts on many organizations and soliciting industry feedback will help CISA develop well-balanced requirements that satisfy the national security objectives of Executive Order 14117 without creating unnecessary operational challenges for complying firms.</p> <p>BPI fully supports the national security objectives articulated in Executive Order 14117. BPI acknowledges the value of CISA’s proposed security requirements which at their core, validate that an organization implements the requisite technical and organizational structures “to mitigate the risk of sharing bulk U.S. sensitive personal data or U.S. government-related data with countries of concern or covered persons through restricted transactions.”<a id="_ftnref5" href="#_ftn5"><sup>[5]</sup></a></p> <p>At the same time, BPI strongly supports and appreciates the exemption articulated in DOJ’s NPRM for data transactions that are ordinarily incident to and part of the provision of financial services.<a id="_ftnref6" href="#_ftn6"><sup>[6]</sup></a> This exemption is critical to Executive Order 14117’s objective to “not broadly prohibit United States persons from conducting commercial transactions, including exchanging financial and other data as part of the sale of commercial goods and services.”<a id="_ftnref7" href="#_ftn7"><sup>[7]</sup></a> As amplified by the White House’s fact sheet<a id="_ftnref8" href="#_ftn8"><sup>[8]</sup></a> the NPRM is “carefully calibrated” to balance security and commercial activities in such a manner as to ensure that the regulation does not “stop the flow of information necessary for financial services activities . . . .”<a id="_ftnref9" href="#_ftn9"><sup>[9]</sup></a> Given this important exemption, there may only be a very narrow set of data transactions where CISA’s proposed security requirements would be applicable to financial institutions.</p> <p class="has-text-align-center"><strong><em>To read the full comment letter, please <a href="https://bpi.com/wp-content/uploads/2024/06/BPI-Long-Term-Debt-Supplemental-Comment-June-5-2024-as-submitted-4873-1134-0485-v1-1.pdf">cli</a><a href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf">c</a><a href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf" target="_blank" rel="noreferrer noopener">k here</a></em>, or click on the download button below.</strong></p> <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> <div data-wp-interactive="core/file" class="wp-block-file aligncenter"><object data-wp-bind--hidden="!state.hasPdfPreview" hidden class="wp-block-file__embed" data="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf" type="application/pdf" style="width:100%;height:600px" aria-label="Embed of BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions."></object><a id="wp-block-file--media-cb7e048d-07fc-4dc0-958f-745ff09137ad" href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf">BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions</a><a href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf" class="wp-block-file__button wp-element-button" download aria-describedby="wp-block-file--media-cb7e048d-07fc-4dc0-958f-745ff09137ad">Download</a></div> <div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> <hr class="wp-block-separator has-alpha-channel-opacity"/> <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> <div style="height:0px" aria-hidden="true" class="wp-block-spacer"></div> <p><a id="_ftn1" href="#_ftnref1">[1]</a> The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks, and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.</p> <p><a id="_ftn2" href="#_ftnref2">[2]</a> BITS – Business, Innovation, Technology, and Security – is BPI’s technology policy division that provides an executive-level forum to discuss and promote current and emerging technology, foster innovation, reduce fraud, and improve cybersecurity and risk management practices for the nation’s financial sector.</p> <p><a id="_ftn3" href="#_ftnref3">[3]</a> Executive Order 14117, Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern, 89 Fed. Reg. 15421 (Feb. 28, 2024).</p> <p><a id="_ftn4" href="#_ftnref4">[4]</a> U.S. Dep’t of Justice, National Sec. Div., Provisions Pertaining to Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countries of Concern or Covered Persons 89 Fed. Reg. 86116 (Oct. 29, 2024).</p> <p><a id="_ftn5" href="#_ftnref5">[5]</a> U.S. Dep’t of Homeland Sec., Cybersecurity & Infrastructure Sec. Agency, Proposed Security Requirements for Restricted Transactions 1 (Oct. 21, 2024).</p> <p><a id="_ftn6" href="#_ftnref6">[6]</a>  U.S. Dep’t of Justice, National Sec. Div., Provisions Pertaining to Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countries of Concern or Covered Persons 89 Fed. Reg. 86216 (Oct. 29, 2024). <a href="https://www.regulations.gov/comment/DOJ-NSD-2024-0002-0033" target="_blank" rel="noreferrer noopener">https://www.regulations.gov/comment/DOJ-NSD-2024-0002-0033.</a></p> <p><a id="_ftn7" href="#_ftnref7">[7]</a> Executive Order 14117, Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern, 89 Fed. Reg. 15423 (Feb. 28, 2024).</p> <p><a id="_ftn8" href="#_ftnref8">[8]</a> The White House, Fact Sheet: President Biden Issues Executive Order to Protect Americans’ Sensitive Personal Data (Feb. 28, 2024), https://<a href="http://www.whitehouse.gov/briefing-room/statements-releases/2024/02/28/fact-sheet-">www.whitehouse.gov/briefing-room/statements-releases/2024/02/28/fact-sheet-</a> president-biden-issues-sweeping-executive-order-to-protect-americans-sensitive-personal-data/.</p> <p><a id="_ftn9" href="#_ftnref9">[9]</a> <em>Id.</em></p> <div class="pdf-download"> <a class="button ghost pill icon-left small purple" href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf"><span class="far fa-arrow-to-bottom"></span>Download</a> </div> </div> <div class="social-share"> <span class="h6">SHARE</span> <a href="https://www.facebook.com/sharer/sharer.php?u=https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" target="_blank" class="spin circle social-share-button facebook-share" title="Post on Facebook"> <i class="fab fa-facebook"></i> </a> <a href="https://twitter.com/intent/tweet?text=BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/ via @BankPolicy" target="_blank" class="spin circle social-share-button twitter-share" title="Tweet this link"> <svg xmlns="http://www.w3.org/2000/svg" width="18" height="18" fill="currentColor" class="bi bi-twitter-x" viewBox="0 0 16 16"> <path d="M12.6.75h2.454l-5.36 6.142L16 15.25h-4.937l-3.867-5.07-4.425 5.07H.316l5.733-6.57L0 .75h5.063l3.495 4.633L12.601.75Zm-.86 13.028h1.36L4.323 2.145H2.865l8.875 11.633Z"></path> </svg> </a> <a href="https://www.linkedin.com/sharing/share-offsite/?url=https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" target="_blank" class="spin circle social-share-button linkedin-share" title="Share on LinkedIn"> <i class="fab fa-linkedin-in"></i> </a> <a href="mailto:?&subject=&body=BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions%0D%0Avisit https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" target="_blank" class="spin circle social-share-button email-share" title="Share via Email"> <i class="far fa-envelope-open"></i> </a> <a href="https://bpi.com/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/" target="_blank" class="spin circle social-share-button link-share" title="Copy Link"> <i class="far fa-link"></i> </a> <a class="spin circle social-share-button" href="https://bpi.com/wp-content/uploads/2024/11/BPI-Comments-on-CISAs-Proposed-Security-Requirements-for-Restricted-Transactions.pdf" title="Print"> <i class="far fa-print"></i> </a> </div> </div> <footer class="container"> <div class="post-content"> <p class="next-post"> <b>Next Post:</b> <a href="https://bpi.com/bpi-comments-on-doj-bulk-sensitive-data-rulemaking/">BPI Comments on DOJ Bulk-Sensitive Data Rulemaking</a> <a class="button ghost small purple" href="https://bpi.com/bpi-comments-on-doj-bulk-sensitive-data-rulemaking/">View Next Post</a> </p> <hr class="node-long"> </div> </footer> </article>  <section class="related-posts post-slider"> <div class="related-posts-header"> <span class="related-posts-title">You Might Also Be Interested In...</span> <div class="related-posts-controls"> <span class="slide-count"></span> <button class="button text slider-prev" aria-label="Previous"> <span class="far fa-long-arrow-left"></span> </button> <button class="button text slider-next" aria-label="Next"> <span class="far fa-long-arrow-right"></span> </button> </div> </div> <div class="related-posts-container"> <div class="post-card"> <a href="https://bpi.com/category/security/" class="main-topic">Security</a> <a class="post-link" href="https://bpi.com/bpi-comments-on-doj-bulk-sensitive-data-rulemaking/"> <img src="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">BPI Comments on DOJ Bulk-Sensitive Data Rulemaking</span> <time datetime="2024-11-27T13:51:46-05:00"> <span class="far fa-clock"></span> November 27, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/section1033/" class="main-topic">Section 1033</a> <a class="post-link" href="https://bpi.com/screen-scraping-what-is-it-and-how-does-it-work/"> <img src="https://bpi.com/wp-content/uploads/2024/11/screen-scraping-286x162.jpg" srcset="" alt="photo showing person on computer and digital scans"> <span class="h5">Screen Scraping: What Is It and How Does It Work?</span> <time datetime="2024-11-26T11:08:00-05:00"> <span class="far fa-clock"></span> November 26, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/section1033/" class="main-topic">Section 1033</a> <a class="post-link" href="https://bpi.com/american-banker-the-cfpbs-open-banking-rule-is-a-solution-in-search-of-a-problem/"> <img src="https://bpi.com/wp-content/uploads/2020/11/op-eds-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2020/11/op-eds-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2020/11/op-eds-300x169.jpg 300w, https://bpi.com/wp-content/uploads/2020/11/op-eds-768x432.jpg 768w, https://bpi.com/wp-content/uploads/2020/11/op-eds-600x338.jpg 600w, https://bpi.com/wp-content/uploads/2020/11/op-eds.jpg 1000w" alt="Stack of newspapers"> <span class="h5">Bank Think: The CFPB’s ‘Open Banking’ Rule Is a Solution in Search of a Problem</span> <time datetime="2024-11-20T14:06:24-05:00"> <span class="far fa-clock"></span> November 20, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/bpinsights/" class="main-topic">BPInsights</a> <a class="post-link" href="https://bpi.com/episode-4-bpis-lawsuit-against-cfpb-occs-amicus-brief-industrial-loan-companies-and-interchange-fee-battles/"> <img src="https://bpi.com/wp-content/uploads/2019/11/podcast-1-286x162.jpg" srcset="" alt="Podcast mic"> <span class="h5">Episode 4: BPI’s Lawsuit Against CFPB, OCC’s Amicus Brief, Industrial Loan Companies and Interchange Fee Battles</span> <time datetime="2024-11-04T06:00:00-05:00"> <span class="far fa-clock"></span> November 4, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/section1033/" class="main-topic">Section 1033</a> <a class="post-link" href="https://bpi.com/correcting-the-record-on-the-cfpbs-open-banking-rule/"> <img src="https://bpi.com/wp-content/uploads/2024/10/cfpb-building-286x162.jpg" srcset="" alt=""> <span class="h5">Correcting the Record on the CFPB’s Open Banking Rule</span> <time datetime="2024-10-23T09:39:37-04:00"> <span class="far fa-clock"></span> October 23, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/" class="main-topic">Data Privacy</a> <a class="post-link" href="https://bpi.com/banks-challenge-cfpb-rule-jeopardizing-security-and-privacy-of-consumer-financial-data/"> <img src="https://bpi.com/wp-content/uploads/2020/10/iStock-866214648-286x162.jpg" srcset="" alt="Interviewing businessman or politician, press conference"> <span class="h5">Banks Challenge CFPB Rule Jeopardizing Security and Privacy of Consumer Financial Data</span> <time datetime="2024-10-22T17:00:00-04:00"> <span class="far fa-clock"></span> October 22, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/" class="main-topic">Data Privacy</a> <a class="post-link" href="https://bpi.com/bpi-response-to-cfpbs-section-1033-rulemaking/"> <img src="https://bpi.com/wp-content/uploads/2020/10/press_conference-286x162.jpg" srcset="" alt="Image showing microphones for press cover"> <span class="h5">BPI Response to CFPB’s Section 1033 Rulemaking</span> <time datetime="2024-10-22T05:40:25-04:00"> <span class="far fa-clock"></span> October 22, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/section1033/" class="main-topic">Section 1033</a> <a class="post-link" href="https://bpi.com/international-banker-u-s-banking-agencies-have-an-operational-risk-problem/"> <img src="https://bpi.com/wp-content/uploads/2020/11/op-eds-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2020/11/op-eds-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2020/11/op-eds-300x169.jpg 300w, https://bpi.com/wp-content/uploads/2020/11/op-eds-768x432.jpg 768w, https://bpi.com/wp-content/uploads/2020/11/op-eds-600x338.jpg 600w, https://bpi.com/wp-content/uploads/2020/11/op-eds.jpg 1000w" alt="Stack of newspapers"> <span class="h5">International Banker: U.S. Banking Agencies Have an Operational Risk Problem</span> <time datetime="2024-08-29T16:26:00-04:00"> <span class="far fa-clock"></span> August 29, 2024 </time> </a> </div> </div> </section> <section class="related-posts post-slider"> <div class="related-posts-header"> <span class="related-posts-title">More Posts by This Author</span> <div class="related-posts-controls"> <span class="slide-count"></span> <button class="button text slider-prev" aria-label="Previous"> <span class="far fa-long-arrow-left"></span> </button> <button class="button text slider-next" aria-label="Next"> <span class="far fa-long-arrow-right"></span> </button> </div> </div> <div class="related-posts-container"> <div class="post-card"> <a href="https://bpi.com/category/security/" class="main-topic">Security</a> <a class="post-link" href="https://bpi.com/bpi-comments-on-doj-bulk-sensitive-data-rulemaking/"> <img src="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">BPI Comments on DOJ Bulk-Sensitive Data Rulemaking</span> <time datetime="2024-11-27T13:51:46-05:00"> <span class="far fa-clock"></span> November 27, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/security/data-privacy/section1033/" class="main-topic">Section 1033</a> <a class="post-link" href="https://bpi.com/screen-scraping-what-is-it-and-how-does-it-work/"> <img src="https://bpi.com/wp-content/uploads/2024/11/screen-scraping-286x162.jpg" srcset="" alt="photo showing person on computer and digital scans"> <span class="h5">Screen Scraping: What Is It and How Does It Work?</span> <time datetime="2024-11-26T11:08:00-05:00"> <span class="far fa-clock"></span> November 26, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/activities-structure/" class="main-topic">Bank Activities and Structure</a> <a class="post-link" href="https://bpi.com/bpi-comments-on-the-fdics-proposed-rulemaking-on-brokered-deposits-regulatory-framework/"> <img src="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2019/07/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">BPI Comments on the FDIC’s Proposed Rulemaking on Brokered Deposits Regulatory Framework</span> <time datetime="2024-11-21T11:11:37-05:00"> <span class="far fa-clock"></span> November 21, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/supervision-enforcement/" class="main-topic">Supervision & Enforcement</a> <a class="post-link" href="https://bpi.com/making-sense-of-the-federal-reserves-report-on-supervisory-developments/"> <img src="https://bpi.com/wp-content/uploads/2024/11/fed-286x162.jpg" srcset="" alt="fed building"> <span class="h5">Making Sense of the Federal Reserve’s Report on Supervisory Developments</span> <time datetime="2024-11-19T15:52:43-05:00"> <span class="far fa-clock"></span> November 19, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/supervision-enforcement/" class="main-topic">Supervision & Enforcement</a> <a class="post-link" href="https://bpi.com/bank-supervision-is-broken-heres-how-to-fix-it/"> <img src="https://bpi.com/wp-content/uploads/2024/01/graph-finance-286x162.jpg" srcset="" alt="financial graph"> <span class="h5">Bank Supervision is Broken. Here’s How to Fix It.</span> <time datetime="2024-11-19T14:20:17-05:00"> <span class="far fa-clock"></span> November 19, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/consumer-affairs/" class="main-topic">Consumer Affairs</a> <a class="post-link" href="https://bpi.com/bank-and-credit-unions-strongly-oppose-credit-card-competition-act/"> <img src="https://bpi.com/wp-content/uploads/2020/10/capitol-hill-10-286x162.jpg" srcset="" alt="capitol hill building"> <span class="h5">Bank and Credit Unions Strongly Oppose Credit Card Competition Act</span> <time datetime="2024-11-18T09:27:57-05:00"> <span class="far fa-clock"></span> November 18, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/consumer-affairs/" class="main-topic">Consumer Affairs</a> <a class="post-link" href="https://bpi.com/associations-representing-banks-and-credit-unions-of-all-sizes-call-on-congress-to-reject-new-credit-card-mandates/"> <img src="https://bpi.com/wp-content/uploads/2020/10/iStock-866214648-286x162.jpg" srcset="" alt="Interviewing businessman or politician, press conference"> <span class="h5">Associations Representing Banks and Credit Unions of All Sizes Call on Congress to Reject New Credit Card Mandates</span> <time datetime="2024-11-18T09:16:18-05:00"> <span class="far fa-clock"></span> November 18, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/research-exchange/" class="main-topic">Research Exchange</a> <a class="post-link" href="https://bpi.com/research-exchange-october-2024/"> <img src="https://bpi.com/wp-content/uploads/2021/07/cover_image_research-note_0802-286x162.jpg" srcset="" alt="image of graph with red overlay"> <span class="h5">Research Exchange: October 2024</span> <time datetime="2024-11-06T08:46:38-05:00"> <span class="far fa-clock"></span> November 6, 2024 </time> </a> </div> </div> </section> </main> <footer> <div class="footer-top"> <img data-skip-lazy class="logo" src="/wp-content/themes/bpi/assets/images/bpi-logo-vertical.png" alt="Bank Policy Institute"> <div class="footer-contact"> <a class="button secondary small" href="https://bpi.com/contact-us/">Contact Us</a> <div class="social"> <a href="https://twitter.com/@BankPolicy" title="Twitter"><svg xmlns="http://www.w3.org/2000/svg" width="18" height="18" fill="currentColor" class="bi bi-twitter-x" viewBox="0 0 16 16"> <path d="M12.6.75h2.454l-5.36 6.142L16 15.25h-4.937l-3.867-5.07-4.425 5.07H.316l5.733-6.57L0 .75h5.063l3.495 4.633L12.601.75Zm-.86 13.028h1.36L4.323 2.145H2.865l8.875 11.633Z"></path> </svg></a> <a href="https://www.linkedin.com/company/95499" title="LinkedIn"><span class="fab fa-linkedin-in"></span></a> <a href="https://www.youtube.com/channel/UCdKTUhAHfnwXQORaEbdK5UQ" title="YouTube"><span class="fab fa-youtube"></span></a> <a href="https://medium.com/bank-policy-institute" title="Medium"><span class="fab fa-medium-m"></span></a> <a href="https://instagram.com/bankpolicyinstitute" title="instagram" tabindex="0"> <svg width="23" height="23" viewBox="0 0 23 23" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12 7C9.23858 7 7 9.23858 7 12C7 14.7614 9.23858 17 12 17C14.7614 17 17 14.7614 17 12C17 9.23858 14.7614 7 12 7ZM9 12C9 13.6569 10.3431 15 12 15C13.6569 15 15 13.6569 15 12C15 10.3431 13.6569 9 12 9C10.3431 9 9 10.3431 9 12Z" fill="currentColor"></path><path d="M18 5C17.4477 5 17 5.44772 17 6C17 6.55228 17.4477 7 18 7C18.5523 7 19 6.55228 19 6C19 5.44772 18.5523 5 18 5Z" fill="currentColor"></path><path fill-rule="evenodd" clip-rule="evenodd" d="M5 1C2.79086 1 1 2.79086 1 5V19C1 21.2091 2.79086 23 5 23H19C21.2091 23 23 21.2091 23 19V5C23 2.79086 21.2091 1 19 1H5ZM19 3H5C3.89543 3 3 3.89543 3 5V19C3 20.1046 3.89543 21 5 21H19C20.1046 21 21 20.1046 21 19V5C21 3.89543 20.1046 3 19 3Z" fill="currentColor"></path></svg> </a> </div> <address> <p> <span class="location-name">Washington, D.C.</span><br> 1300 Eye St. NW <br /> Suite 1100 West<br /> Washington, D.C. 20005 </p> </address> </div> <div class="footer-signup"> <span class="h5">Signup for Our Alerts.</span> <script type="text/javascript"></script> <div class='gf_browser_ie gf_browser_ie7 gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_1' ><div id='gf_1' class='gform_anchor' tabindex='-1'></div><form method='post' enctype='multipart/form-data' target='gform_ajax_frame_1' id='gform_1' action='/bpi-comments-on-cisas-proposed-security-requirements-for-restricted-transactions/#gf_1' data-formid='1' novalidate> <div class='gform-body gform_body'><ul id='gform_fields_1' class='gform_fields top_label form_sublabel_below description_below validation_below'><li id="field_1_1" class="gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible" data-js-reload="field_1_1" ><label class='gfield_label gform-field-label' for='input_1_1'>Email Address<span class="gfield_required"><span class="gfield_required gfield_required_asterisk">*</span></span></label><div class='ginput_container ginput_container_email'> <input name='input_1' id='input_1_1' type='email' value='' class='medium' placeholder='email@example.com' aria-required="true" aria-invalid="false" /> </div></li><li id="field_1_8" class="gfield gfield--type-honeypot gform_validation_container field_sublabel_below gfield--has-description field_description_below field_validation_below gfield_visibility_visible" data-js-reload="field_1_8" ><label class='gfield_label gform-field-label' for='input_1_8'>Comments</label><div class='ginput_container'><input name='input_8' id='input_1_8' type='text' value='' autocomplete='new-password'/></div><div class='gfield_description' id='gfield_description_1_8'>This field is for validation purposes and should be left unchanged.</div></li></ul></div> <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_1' class='gform_button button' onclick='gform.submission.handleButtonClick(this)' value='Submit' /> <input type='hidden' name='gform_ajax' value='form_id=1&title=&description=&tabindex=0&theme=legacy' /> <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_1' value='iframe' /> <input type='hidden' class='gform_hidden' name='is_submit_1' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='1' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_1' value='WyJbXSIsImFiNjQ4M2I4NzBkNjdjYmE1MTkwOTkwYzdmZjM1YjYzIl0=' /> <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_1' id='gform_target_page_number_1' value='0' /> <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_1' id='gform_source_page_number_1' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div> <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_1' id='gform_ajax_frame_1' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'></iframe> <script type="text/javascript"> /* <![CDATA[ */ gform.initializeOnLoaded( function() {gformInitSpinner( 1, 'https://bpi.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_1').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_1');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_1').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_1').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_1').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_1').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_1').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_1').val();gformInitSpinner( 1, 'https://bpi.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [1, current_page]);window['gf_submitting_1'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_1').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_1').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [1]);window['gf_submitting_1'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_1').text());}else{jQuery('#gform_1').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger("gform_pre_post_render", [{ formId: "1", currentPage: "current_page", abort: function() { this.preventDefault(); } }]); if (event && event.defaultPrevented) { return; } const gformWrapperDiv = document.getElementById( "gform_wrapper_1" ); if ( gformWrapperDiv ) { const visibilitySpan = document.createElement( "span" ); visibilitySpan.id = "gform_visibility_test_1"; gformWrapperDiv.insertAdjacentElement( "afterend", visibilitySpan ); } const visibilityTestDiv = document.getElementById( "gform_visibility_test_1" ); let postRenderFired = false; function triggerPostRender() { if ( postRenderFired ) { return; } postRenderFired = true; jQuery( document ).trigger( 'gform_post_render', [1, current_page] ); gform.utils.trigger( { event: 'gform/postRender', native: false, data: { formId: 1, currentPage: current_page } } ); gform.utils.trigger( { event: 'gform/post_render', native: false, data: { formId: 1, currentPage: current_page } } ); if ( visibilityTestDiv ) { visibilityTestDiv.parentNode.removeChild( visibilityTestDiv ); } } function debounce( func, wait, immediate ) { var timeout; return function() { var context = this, args = arguments; var later = function() { timeout = null; if ( !immediate ) func.apply( context, args ); }; var callNow = immediate && !timeout; clearTimeout( timeout ); timeout = setTimeout( later, wait ); if ( callNow ) func.apply( context, args ); }; } const debouncedTriggerPostRender = debounce( function() { triggerPostRender(); }, 200 ); if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) { const observer = new MutationObserver( ( mutations ) => { mutations.forEach( ( mutation ) => { if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) { debouncedTriggerPostRender(); observer.disconnect(); } }); }); observer.observe( document.body, { attributes: true, childList: false, subtree: true, attributeFilter: [ 'style', 'class' ], }); } else { triggerPostRender(); } } );} ); /* ]]> */ </script> </div> </div> <div class="footer-bottom"> <span class="copyright">© 2024 Bank Policy Institute. All Rights Reserved. </span> <a href="https://bpi.com/privacy-policy/">Privacy Policy</a> | <a href="https://bpi.com/frequently-asked-questions/">Frequently Asked Questions</a> </div> </footer> <div class="scroll-to-top"><span class="far fa-angle-up"></span></div> <nav id="mobile-menu"> <div class="overlay-container"> <div class="menu-header"> <a href="/"><img class="logo short-logo" src="/wp-content/themes/bpi/assets/images/bpi-mark.png"></a> <button class="mobile-menu-button"> <span class="far fa-times"></span> </button> </div> <ul> <li class="parent menu-item menu-item-type-custom menu-item-object-custom menu-item-10423 menu-item-has-children"> <a class="nav-main-link" href="/about-us" >About Us</a> <button class="expander"> <span class="far fa-angle-down"></span> </button> <ul class="dropdown"> <li> <a href="/about-us" >Overview</a> </li> <li> <a href="/about-us#membership" >Membership</a> </li> <li> <a href="/about-us#board-members" >Leadership</a> </li> <li> <a href="/about-us#bpi-team" >Our Team</a> </li> <li> <a href="/bits" >About BITS</a> </li> <li> <a href="https://bpi.com/research-team/" >About the Research Team</a> </li> <li> <a href="https://bpi.com/careers/" >Careers</a> </li> <li> <a href="/contact-us" >Contact Us</a> </li> <li> <a href="https://bpi.com/frequently-asked-questions/" >Frequently Asked Questions</a> </li> </ul> </li> <li class="parent menu-item-has-children menu-item menu-item-type-custom menu-item-object-custom menu-item-10432"> <a class="nav-main-link" href="/issues-and-topics/" >Issues</a> <button class="expander"> <span class="far fa-angle-down"></span> </button> <div class="topics-dropdown-container"> <div class="dropdown topics-dropdown"> <div> <div class="topics"> <span class="dropdown-title topic-title">Topics</span> <ul> <li> <a href="https://bpi.com/category/aml-cft/" >AML, Bank Secrecy Act</a> </li> <li> <a href="https://bpi.com/category/activities-structure/" >Bank Activities and Structure</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/" >Bank Capital</a> </li> <li> <a href="https://bpi.com/category/liquidity/" >Bank Liquidity</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/basel-finalization/" >Basel Finalization</a> </li> <li> <a href="https://bpi.com/category/consumer-affairs/" >Consumer Affairs</a> </li> <li> <a href="https://bpi.com/category/cybersecurity/" >Cybersecurity</a> </li> <li> <a href="https://bpi.com/mergers-and-acquisitions/" >Mergers and Acquisitions</a> </li> <li> <a href="https://bpi.com/category/capital-stresstesting/stress-testing/" >Stress Testing</a> </li> <li> <a href="https://bpi.com/category/supervision-enforcement/" >Supervision & Enforcement</a> </li> </ul> <a href="/issues-and-topics/" class="button primary small">View All Issues</a> <button class="issues-mobile-switch"> <span>Issues in Focus</span> <span class="far fa-angle-right"></span> </button> </div> <div class="issues"> <button class="topics-mobile-switch"> <span class="far fa-angle-left"></span> Back</button> <span class="dropdown-title">Issues in Focus</span> <div class="issues-image"> <a href="https://chainstorecharity.com/" rel="nofollow noopener"> <img src="https://bpi.com/wp-content/uploads/2024/07/IMG_4104.png"> </a> </div> <a class="dropdown-title overview-title" href="/initiatives" >Latest Projects</a> <ul> <li> <a href="https://bpi.com/basel-accord/" >Basel III Accord U.S. Finalization</a> </li> <li> <a href="https://bpi.com/category/fintech-innovation/digital-assets/central-bank-digital-currency/" >Central Bank Digital Currency</a> </li> <li> <a href="https://bpi.com/bank-commitments-to-improve-diversity-and-inclusion/" >Diversity and Inclusion</a> </li> <li> <a href="/everyday-bpi" >Economic Impact of BPI Members</a> </li> <li> <a href="https://bpi.com/fed-account-access/" >Fed Account Access for Nonbanks</a> </li> <li> <a href="https://keepbankingsafe.com/" >FinTech, Big Tech and the Safety of the Banking System</a> </li> <li> <a href="https://bpi.com/category/supervision-enforcement/silicon-valley-bank/" >Silicon Valley Bank</a> </li> </ul> </div> </div> </div> </div> </li> <li class="parent menu-item menu-item-type-custom menu-item-object-custom menu-item-10434 menu-item-has-children"> <a class="nav-main-link" href="/initiatives" >Projects</a> <button class="expander"> <span class="far fa-angle-down"></span> </button> <ul class="dropdown"> <li> <a href="https://bpi.com/americas-large-banks-foundation-of-free-enterprise/" >Banks: Foundation of Free Enterprise</a> </li> <li> <a href="https://chainstorecharity.com/" >Chain Store Charity</a> </li> <li> <a href="https://bpi.com/bank-commitments-to-improve-diversity-and-inclusion/" >Diversity and Inclusion</a> </li> <li> <a href="/everyday-bpi/" >Economic Impact of BPI Members</a> </li> <li> <a href="http://endanonymousshellcompanies.com/" target=_blank>End Anonymous Shell Companies</a> </li> <li> <a href="https://bpi.com/fed-account-access/" >Fed Account Access for Nonbanks</a> </li> <li> <a href="https://bpi.com/stress-tests/" >Federal Reserve Annual Stress Test</a> </li> <li> <a href="https://keepbankingsafe.com" target=_blank>Keep Banking Safe</a> </li> <li> <a href="https://bpi.com/mergers-and-acquisitions/" >Mergers and Acquisitions</a> </li> <li> <a href="/sheltered-harbor/" >Sheltered Harbor</a> </li> <li> <a href="https://stopbaselendgame.com" >Stop Basel Endgame</a> </li> </ul> </li> <li class="parent menu-item menu-item-type-custom menu-item-object-custom menu-item-21530 menu-item-has-children"> <a class="nav-main-link" href="/resources" >Resources</a> <button class="expander"> <span class="far fa-angle-down"></span> </button> <ul class="dropdown"> <li> <a href="https://bpi.com/document-type/comment-letters/" >Comment Letters</a> </li> <li> <a href="https://bpi.com/document-type/congressional-letters/" >Congressional Letters</a> </li> <li> <a href="https://bpi.com/document-type/one-pagers/" >One-pagers</a> </li> <li> <a href="https://bpi.com/document-type/reportswhite-papers/" >Reports and Research Notes</a> </li> <li> <a href="https://bpi.com/document-type/testimonies/" >Testimonies</a> </li> <li> <a href="https://bpi.com/search/" >All Recent Content</a> </li> </ul> </li> <li class="parent menu-item menu-item-type-post_type menu-item-object-page menu-item-10737 menu-item-has-children"> <a class="nav-main-link" href="https://bpi.com/media/" >Media</a> <button class="expander"> <span class="far fa-angle-down"></span> </button> <ul class="dropdown"> <li> <a href="https://bpi.com/media/media-contacts/" >Media Contacts</a> </li> <li> <a href="https://bpi.com/document-type/press/" >Press Releases</a> </li> <li> <a href="https://bpi.com/document-type/newsletter/" >Newsletters</a> </li> <li> <a href="https://bpi.com/category/research-exchange/" >Research Exchange</a> </li> <li> <a href="https://bpi.com/document-type/podcasts/" >Podcasts</a> </li> <li> <a href="https://bpi.com/document-type/news/" >Op-Eds & Highlights</a> </li> <li> <a href="https://bpi.com/media/bpi-multimedia-gallery/" >Multimedia Hub</a> </li> </ul> </li> <li class=" menu-item menu-item-type-custom menu-item-object-custom menu-item-10436"> <a class="nav-main-link" href="/blog" >Blog</a> </li> <li class=" menu-button menu-item menu-item-type-custom menu-item-object-custom menu-item-47723"> <a class="nav-main-link" href="https://bpi.com/sign-up/" >Subscribe</a> </li> </ul> <div class="social"> <a href="https://twitter.com/@BankPolicy"> <span class="fab fa-twitter"></span> </a> <a href="https://www.linkedin.com/company/95499"> <span class="fab fa-linkedin-in"></span> </a> <a href="https://www.youtube.com/channel/UCdKTUhAHfnwXQORaEbdK5UQ"> <span class="fab fa-youtube"></span> </a> <a href="https://medium.com/bank-policy-institute"> <span class="fab fa-medium-m"></span> </a> </div> </div> </nav> <script type="importmap" id="wp-importmap"> {"imports":{"@wordpress\/interactivity":"https:\/\/bpi.com\/wp-includes\/js\/dist\/script-modules\/interactivity\/index.min.js?ver=06b8f695ef48ab2d9277"}} </script> <script type="module" src="https://bpi.com/wp-includes/js/dist/script-modules/block-library/file/view.min.js?ver=fdc2f6842e015af83140" id="@wordpress/block-library/file/view-js-module"></script> <link rel="modulepreload" href="https://bpi.com/wp-includes/js/dist/script-modules/interactivity/index.min.js?ver=06b8f695ef48ab2d9277" id="@wordpress/interactivity-js-modulepreload"><link rel='stylesheet' id='gforms_reset_css-css' href='https://bpi.com/wp-content/plugins/gravityforms/legacy/css/formreset.min.css?ver=2.9.0' type='text/css' media='all' /> <link rel='stylesheet' id='gforms_formsmain_css-css' href='https://bpi.com/wp-content/plugins/gravityforms/legacy/css/formsmain.min.css?ver=2.9.0' type='text/css' media='all' /> <link rel='stylesheet' id='gforms_ready_class_css-css' href='https://bpi.com/wp-content/plugins/gravityforms/legacy/css/readyclass.min.css?ver=2.9.0' type='text/css' media='all' /> <link rel='stylesheet' id='gforms_browsers_css-css' href='https://bpi.com/wp-content/plugins/gravityforms/legacy/css/browsers.min.css?ver=2.9.0' type='text/css' media='all' /> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/simple-youtube-responsive/js/yt-responsive.min.js?ver=3.2.5" id="simple-youtube-responsive-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/themes/bpi/assets/js/jquery.visible.min.js" id="jquery-visible-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/themes/bpi/assets/js/scripts.js" id="base-scripts-js"></script> <script type="text/javascript" src="https://cdn.jsdelivr.net/npm/bootstrap@4.6.2/dist/js/bootstrap.min.js?ver=4.5.2" id="bootstrap-js-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/easy-fancybox/vendor/purify.min.js?ver=6.7.1" id="fancybox-purify-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/easy-fancybox/fancybox/1.5.4/jquery.fancybox.min.js?ver=6.7.1" id="jquery-fancybox-js"></script> <script type="text/javascript" id="jquery-fancybox-js-after"> /* <![CDATA[ */ var fb_timeout, fb_opts={'autoScale':true,'showCloseButton':true,'width':560,'height':340,'margin':20,'pixelRatio':'false','padding':10,'centerOnScroll':false,'enableEscapeButton':true,'speedIn':300,'speedOut':300,'overlayShow':true,'hideOnOverlayClick':true,'overlayColor':'#000','overlayOpacity':0.6,'minViewportWidth':320,'minVpHeight':320,'disableCoreLightbox':'true','enableBlockControls':'true','fancybox_openBlockControls':'true' }; if(typeof easy_fancybox_handler==='undefined'){ var easy_fancybox_handler=function(){ jQuery([".nolightbox","a.wp-block-file__button","a.pin-it-button","a[href*='pinterest.com\/pin\/create']","a[href*='facebook.com\/share']","a[href*='twitter.com\/share']"].join(',')).addClass('nofancybox'); jQuery('a.fancybox-close').on('click',function(e){e.preventDefault();jQuery.fancybox.close()}); /* iFrame */ jQuery('a.fancybox-iframe,area.fancybox-iframe,.fancybox-iframe>a').each(function(){jQuery(this).fancybox(jQuery.extend(true,{},fb_opts,{'type':'iframe','width':'70%','height':'90%','padding':0,'titleShow':false,'titlePosition':'float','titleFromAlt':true,'allowfullscreen':false}))}); };}; jQuery(easy_fancybox_handler);jQuery(document).on('post-load',easy_fancybox_handler); /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/easy-fancybox/vendor/jquery.mousewheel.min.js?ver=3.1.13" id="jquery-mousewheel-js"></script> <script type="text/javascript" src="https://bpi.com/wp-content/plugins/youtube-embed-plus/scripts/fitvids.min.js?ver=14.2.1.2" id="__ytprefsfitvids__-js"></script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/dist/dom-ready.min.js?ver=f77871ff7694fffea381" id="wp-dom-ready-js"></script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/dist/hooks.min.js?ver=4d63a3d491d11ffd8ac6" id="wp-hooks-js"></script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/dist/i18n.min.js?ver=5e580eb46a90c2b997e6" id="wp-i18n-js"></script> <script type="text/javascript" id="wp-i18n-js-after"> /* <![CDATA[ */ wp.i18n.setLocaleData( { 'text direction\u0004ltr': [ 'ltr' ] } ); /* ]]> */ </script> <script type="text/javascript" src="https://bpi.com/wp-includes/js/dist/a11y.min.js?ver=3156534cc54473497e14" id="wp-a11y-js"></script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/js/jquery.json.min.js?ver=2.9.0" id="gform_json-js"></script> <script type="text/javascript" id="gform_gravityforms-js-extra"> /* <![CDATA[ */ var gform_i18n = {"datepicker":{"days":{"monday":"Mo","tuesday":"Tu","wednesday":"We","thursday":"Th","friday":"Fr","saturday":"Sa","sunday":"Su"},"months":{"january":"January","february":"February","march":"March","april":"April","may":"May","june":"June","july":"July","august":"August","september":"September","october":"October","november":"November","december":"December"},"firstDay":1,"iconText":"Select date"}}; var gf_legacy_multi = []; var gform_gravityforms = {"strings":{"invalid_file_extension":"This type of file is not allowed. Must be one of the following:","delete_file":"Delete this file","in_progress":"in progress","file_exceeds_limit":"File exceeds size limit","illegal_extension":"This type of file is not allowed.","max_reached":"Maximum number of files reached","unknown_error":"There was a problem while saving the file on the server","currently_uploading":"Please wait for the uploading to complete","cancel":"Cancel","cancel_upload":"Cancel this upload","cancelled":"Cancelled"},"vars":{"images_url":"https:\/\/bpi.com\/wp-content\/plugins\/gravityforms\/images"}}; var gf_global = {"gf_currency_config":{"name":"U.S. Dollar","symbol_left":"$","symbol_right":"","symbol_padding":"","thousand_separator":",","decimal_separator":".","decimals":2,"code":"USD"},"base_url":"https:\/\/bpi.com\/wp-content\/plugins\/gravityforms","number_formats":[],"spinnerUrl":"https:\/\/bpi.com\/wp-content\/plugins\/gravityforms\/images\/spinner.svg","version_hash":"f372867383f0f95f5345936574cb528b","strings":{"newRowAdded":"New row added.","rowRemoved":"Row removed","formSaved":"The form has been saved. The content contains the link to return and complete the form."}}; /* ]]> */ </script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/js/gravityforms.min.js?ver=2.9.0" id="gform_gravityforms-js"></script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/js/placeholders.jquery.min.js?ver=2.9.0" id="gform_placeholder-js"></script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/assets/js/dist/utils.min.js?ver=f802885f3482236736b18b55abcdc360" id="gform_gravityforms_utils-js"></script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/assets/js/dist/vendor-theme.min.js?ver=ddd2702ee024d421149a5e61416f1ff5" id="gform_gravityforms_theme_vendors-js"></script> <script type="text/javascript" id="gform_gravityforms_theme-js-extra"> /* <![CDATA[ */ var gform_theme_config = {"common":{"form":{"honeypot":{"version_hash":"f372867383f0f95f5345936574cb528b"},"ajax":{"ajaxurl":"https:\/\/bpi.com\/wp-admin\/admin-ajax.php","ajax_submission_nonce":"60032bec51","i18n":{"step_announcement":"Step %1$s of %2$s, %3$s","unknown_error":"There was an unknown error processing your request. Please try again."}}}},"hmr_dev":"","public_path":"https:\/\/bpi.com\/wp-content\/plugins\/gravityforms\/assets\/js\/dist\/","config_nonce":"7d42056d22"}; /* ]]> */ </script> <script type="text/javascript" defer='defer' src="https://bpi.com/wp-content/plugins/gravityforms/assets/js/dist/scripts-theme.min.js?ver=c055226f9b8c432c9206edab9070263c" id="gform_gravityforms_theme-js"></script> <script type="text/javascript"> /* <![CDATA[ */ gform.initializeOnLoaded( function() { jQuery(document).on('gform_post_render', function(event, formId, currentPage){if(formId == 1) {if(typeof Placeholders != 'undefined'){ Placeholders.enable(); }} } );jQuery(document).on('gform_post_conditional_logic', function(event, formId, fields, isInit){} ) } ); /* ]]> */ </script> <script type="text/javascript"> /* <![CDATA[ */ gform.initializeOnLoaded( function() {jQuery(document).trigger("gform_pre_post_render", [{ formId: "1", currentPage: "1", abort: function() { this.preventDefault(); } }]); if (event && event.defaultPrevented) { return; } const gformWrapperDiv = document.getElementById( "gform_wrapper_1" ); if ( gformWrapperDiv ) { const visibilitySpan = document.createElement( "span" ); visibilitySpan.id = "gform_visibility_test_1"; gformWrapperDiv.insertAdjacentElement( "afterend", visibilitySpan ); } const visibilityTestDiv = document.getElementById( "gform_visibility_test_1" ); let postRenderFired = false; function triggerPostRender() { if ( postRenderFired ) { return; } postRenderFired = true; jQuery( document ).trigger( 'gform_post_render', [1, 1] ); gform.utils.trigger( { event: 'gform/postRender', native: false, data: { formId: 1, currentPage: 1 } } ); gform.utils.trigger( { event: 'gform/post_render', native: false, data: { formId: 1, currentPage: 1 } } ); if ( visibilityTestDiv ) { visibilityTestDiv.parentNode.removeChild( visibilityTestDiv ); } } function debounce( func, wait, immediate ) { var timeout; return function() { var context = this, args = arguments; var later = function() { timeout = null; if ( !immediate ) func.apply( context, args ); }; var callNow = immediate && !timeout; clearTimeout( timeout ); timeout = setTimeout( later, wait ); if ( callNow ) func.apply( context, args ); }; } const debouncedTriggerPostRender = debounce( function() { triggerPostRender(); }, 200 ); if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) { const observer = new MutationObserver( ( mutations ) => { mutations.forEach( ( mutation ) => { if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) { debouncedTriggerPostRender(); observer.disconnect(); } }); }); observer.observe( document.body, { attributes: true, childList: false, subtree: true, attributeFilter: [ 'style', 'class' ], }); } else { triggerPostRender(); } } ); /* ]]> */ </script>  <script>new Vue({el: '#search-bar'});</script> <script>new Vue({el: '#search-cta '});</script> </body> </html>

CINXE.COM

BPI Comments on CISA’s Proposed Security Requirements for Restricted Transactions - Bank Policy Institute