Digital & Resilience, Governance & Reporting, News, Regulation & Supervision

New SEC cyber security rules likened to banks ‘airing dirty laundry in public’

By Natasha Teja
Image: Getty Images

US banks have bitterly complained over new cyber security rules from the Securities and Exchange Commission – claiming that a four-day disclosure requirement will only serve to exacerbate cyber attacks

The rules, which come into force on September 5, require banks to disclose any cyber security incident deemed ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Climate, Interviews
July 10, 2023

SEC’s Hester Peirce accuses agency of sowing ESG ‘seeds of chaos’

Republican commissioner Hester Peirce launches her most scathing attack yet on the agency’s crowded policy agenda, at a time of politicisation of US regulatory agencies and a backlash against sustainable...
Read more