Report: Average data breach cost for financial sector tops $6M
The average cost of a data breach for the financial sector rose roughly 3% over the past year to $6.08 ...
Tag: Data breach
ABA, associations: Proposed cyber reporting rule misses the mark
A proposed rule requiring financial institutions and other “critical infrastructure” businesses to report cyber incidents and ransomware payments to CISA ...
FHA announces cybersecurity reporting requirement for approved lenders
The Federal Housing Administration issued a new policy requiring FHA-approved lenders to report a “significant cybersecurity incident” to the HUD ...
SEC updates data breach standards for investment companies, advisers
The SEC adopted amendments to Regulation S-P to require brokers and dealers, investment companies and investment advisers registered with the ...
Data breaches grow costlier for financial institutions
Data breaches cost financial intuitions an average of $5.97 million in 2021 and 2022, with health care being the only ...
Verizon report: cyber incidents, breaches driven by external actors
A majority of data breaches during 2021—73%—were perpetrated by external actors, according to findings from Verizon’s latest global data breach ...
Banking groups call for changes to SEC cyber incident reporting proposal
ABA and a coalition of financial services groups today called for extensive changes to a proposal by the Securities and ...
Provident Bank survey: Small businesses bracing for Russian cyberattacks
A majority of the nation’s small business owners—78%—say they are concerned about the threat of a Russian cyberattack in light ...
OCC Designates Points of Contact for Computer Security Incident Notifications
With a joint agency final rule requiring banks to notify their primary regulatory within 36 hours of becoming aware of ...
Agencies Finalize Rule Regarding Notification of Cyber Attacks
The federal banking agencies today finalized a rule requiring banks to notify their primary regulator within 36 hours of becoming ...
