Groups weigh in on proposed incident-reporting requirement in financial sector, as issue draws interest in Congress

Groups from the financial, tech, insurance and other sectors this week dissected a proposed rule to require reporting to federal regulators within 36 hours of a cyber incident, offering a real-world examination of an issue that garnered extensive attention during a Senate Intelligence Committee hearing this week.

The need to increase industry sharing of information on cyber incidents, perhaps through a federal regulatory mandate, was a common theme at a “worldwide threats” hearing by the Senate Intelligence Committee this...