U.S. Chamber urges FTC to hold off on incident reporting rule; financial groups say avoid duplication

Key industry groups are weighing in on the FTC’s proposed cyber incident reporting requirement for a wide variety of financial entities, with the U.S. Chamber of Commerce urging a pause in the rulemaking to avoid fragmented efforts and two major financial groups calling for greater attention to possible redundancy and duplication.

“We strongly support the Commission’s effort to level the playing field so that all entities subject to [the Gramm-Leach-Bliley Act] face appropriate incident reporting obligations to ensure consistently applied...