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@ Layer3.news
2025-05-26 03:32:15
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BANKING GROUPS ASK SEC TO DROP CYBERSECURITY INCIDENT DISCLOSURE RULE
https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWVkNGMtYTg1YS03M2I5LWJhZWEtMmFkOTI4MmRmZTZk.jpg
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✍️ American banking and financial industry advocacy groups have petitioned the Securities and Exchange Commission to repeal its cybersecurity incident public disclosure requirements, arguing that it compromises regulatory efforts to enhance national cybersecurity.
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👉 The groups want to repeal the SEC's Cybersecurity Risk Management rule
👉 They argue that the rule compromises regulatory efforts to enhance national cybersecurity
👉 They claim that the rule interferes with incident response and law enforcement
👉 They argue that the rule has been 'weaponized as an extortion method' by ransomware criminals
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#business
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