Tags Federal Reserve
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.
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.