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Sens. Gary Peters, D-Mich., and Rob Portman, R-Ohio, speak to Secretary of Homeland Security Alejandro Mayorkas, right, after a Senate Homeland Security and Governmental Affairs hearing Sept. 21, 2021 in Washington, D.C. (Photo by Greg Nash – Pool/Getty Images)

The long, bumpy road to cyber incident reporting legislation — and the one still ahead

The legislation eventually garnered widespread support on its way to becoming law, but much remains unresolved.
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.
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(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.
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