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US banks must soon report significant cybersecurity incidents within 36 hours

US banks must soon report significant cybersecurity incidents within 36 hours

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U.S. financial regulators have approved a new rule that requires banking organizations to report any “significant” cybersecurity incident within 36 hours of discovery.  Under the rule, banks must inform their primary federal regulator about incidents that have — or are reasonably likely to materially affect — the viability of their operations, their ability to deliver […]

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