A coalition of financial industry trade associations is calling on the Securities and Exchange Commission to roll back key portions of its cybersecurity disclosure rule, arguing that current ...

Effective today, public companies are beholden to new cybersecurity disclosure rules that will fundamentally alter the way they manage, remediate and disclose incidents. Notably, these fresh ...

The traditional regulatory landscape for cybersecurity disclosure failed to provide consistent and timely information to reasonable investors. The new guidelines imposed by the SEC allow reasonable ...

In a unified petition submitted to the U.S. Securities and Exchange Commission (SEC), a coalition of leading financial trade associations—including the American Bankers Association, Bank Policy ...

On January 31, 2024, leading U.S. banking trade groups, including the American Bankers Association (ABA), the Bank Policy Institute (BPI), and the Securities Industry and Financial Markets Association ...

Major banking groups want the Securities and Exchange Commission to rescind a rule that requires public companies to report cybersecurity incidents to the public within four days. American banking and ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The rule, which came into force two years ago, requires public ...

In October, four companies collectively paid nearly $7 million as part of a settlement with the Securities and Exchange Commission for allegedly failing to properly inform investors of a cyberbreach ...