Tags Federal Reserve

Banks must report major cyber incidents within 36 hours under finalized regulation

by Tim Starks • 9 months ago

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'

by Tim Starks • 1 year ago

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

by Tim Starks • 1 year ago

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

by Tim Starks • 2 years ago

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.

by Jeff Stone • 3 years ago

Indictments unsealed in June hint at the scope of the problem.

As ransomware hobbled Atlanta, banks drilled for next iteration of attacks

by Sean Lyngaas • 4 years ago

The exercise, which assembled 18 financial institutions and the industry’s threat-sharing center, simulated a “WannaCry-like” ransomware attack.