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Business group hits Federal Reserve's proposed cyber rules, urges risk-based approach

February 17, 2017 |
Rick Weber
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The Business Roundtable is urging the Federal Reserve's Board of Governors, and other financial regulators, to adopt a risk-based approach to cybersecurity, warning that proposed rules would be overly prescriptive and could undermine ongoing security efforts under the voluntary framework of cybersecurity standards issued by the National Institute of Standards and Technology.

The business group's comments, posted in the docket on Wednesday, are the latest in what is expected to be a flood of submissions by industry, due today,...

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