Federal banking regulators issued a final rule that impacts how banks and other regulated entities report certain data incidents.  Those subject to these new reporting requirements include U.S. banks and bank service providers. The rule is effective April 1, 2022, and covered entities are expected to comply with the final rule by May 1, 2022. The new requirements reflect ongoing concern to identify and stop computer security incidents before they become systemic.
Continue Reading Beginning in May 2022 Banks Will Have 36 Hours to Disclose Certain Types of Cyber Incidents