ABA, associations urge officials to rethink cybersecurity reporting rule
ABA and three financial sector associations urged Trump administration officials to rescind and reissue a proposed rule requiring financial institutions ...
Tag: Data breach
CISA releases cybersecurity goals for IT sector
While specific to IT, the goals provide software and product developers in all critical infrastructure sectors with minimum foundational practices ...
FHA extends deadline for lenders to report cybersecurity incidents
FHA announced that approved lenders will have 36 hours to report a cybersecurity incident to HUD instead of 12 hours, ...
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 ...
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 ...
