Financial services

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Sept. 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)

SEC’s Gensler signals enhancement of cybersecurity, breach disclosure rules for financial sector

The SEC joins TSA, the FCC and other feds who have imposed or are considering imposing additional disclosure requirements.
(L-R) Chairman of National Credit Union Administration (NCUA) Todd Harper, Chairman of Federal Deposit Insurance Corporation (FDIC) Jelena McWilliams and Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021. (Photo by Alex Wong/Getty Images)

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.
FIN7 sentencing
The U.S. District Court, Western District of Washington in Seattle is pictured. A judge there sentenced FIN7 suspect Fedir Hladyr to 10 years in prison. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images)

FIN7 ‘technical guru’ sentenced to 10 years in prison

Prosecutors described Hladyr as a "technical guru" integral to FIN7's operations.