Tags Federal Deposit Insurance Corporation
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.
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.
How network modeling helps operations and security teams mitigate risk
FDIC’s Howard Whyte and RedSeal’s Wayne Lloyd detail how network modeling of cloud and on-premise infrastructure help CIOs and security teams mitigate risk.
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or flexible frameworks — not specific or prescriptive rules which might be duplicative and could become quickly outdated as hacker threats evolve.