Banks must report major cyber incidents within 36 hours under finalized regulation
Industry won some concessions in the final version of the rule, which banks must comply with by May.
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Banking organizations dub proposed US cyber notification regulation ‘burdensome’
The banking groups say they support the rule's policy goals, but want to alter its reporting threshold.
Financial industry preps for proposal that would require 36-hour breach notification
The rule requires financial services companies to notify regulators within 36 hours of a major cyber incident, but that's just for starters.
Financial system not keeping up with cyberthreats, new report says
Government and industry must coordinate better to protect the system, according to a report from the Carnegie Endowment for International Peace.
Synthetic identity theft is the fastest-growing financial crime in the U.S.
Indictments unsealed in June hint at the scope of the problem.
As ransomware hobbled Atlanta, banks drilled for next iteration of attacks
The exercise, which assembled 18 financial institutions and the industry’s threat-sharing center, simulated a “WannaCry-like” ransomware attack.
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Accountants join pushback on feds’ cyber rules for banks
Three professional associations for bean-counters argue that any regulation should only set high-level principles or flexible frameworks — not specific or prescriptive rules which might be duplicative…
G-7 out with cyber guidance for banks
The guidance is the first real effort to establish transnational standards for cybersecurity in perhaps the most high-stakes sector of all — financial services.