Inside Cybersecurity

July 19, 2024

Daily News

Financial-sector groups urge regulators to revamp 36-hour cyber incident reporting proposal

By Charlie Mitchell / April 14, 2021

Groups from the financial sector are offering qualified support for a proposed new federal cyber incident-reporting rule, saying in joint comments to banking regulators it would formalize “a voluntary practice that already exists,” while calling on officials to revamp the threshold for notification and limit it to events that cause “actual” harm, among other changes to a proposal issued in January.

“While we support the policy goals of the proposed rule, we believe that, as currently drafted, the proposed rule...

Log in to access this content.

Not a subscriber? Sign up for 30 days free access to exclusive news and analysis on cybersecurity regulations and more.