By Roisin Hutchinson ( September 20, 2021, 1:33 PM EDT) -- On Aug. 13, 2021, the Office of the Superintendent of Financial Institutions (OSFI) released an updated Technology and Cyber Security Incident Reporting Advisory (the New Advisory) for federally regulated financial institutions (FRFIs) which replaced the Technology and Cyber Security Incident Reporting Advisory that was published in January 2019 (the 2019 Advisory). The New Advisory is issued as part of OSFI’s stated priorities in its Strategic Plan to develop OSFI’s regulatory and supervisory approaches to technology risks, including digitization, cloud computing, risk modelling and cyber risk....