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Many are commenting on the SECs requirements to report material incidents in 4 days, or for CNI providers to report incidents to CISA in 3 days.
US financial services regulators expect cyber incidents to be reported to their banking organization’s primary Federal regulator must receive this notification as soon as possible and no later than 36 hours after the banking organization determines that a notification incident has occurred. (https://lnkd.in/dmWVTu6u)
The timeline for European banks, through the ECB cyber incident reporting framework is ‘All significant institutions from the 19 euro area countries have to report significant cyber incidents as soon as they detect them. Albeit there are rigorous criteria that define significant. (https://lnkd.in/ddtaeEWC)
Ted Dziekanowski
#cyberlaw #boardgovernance #cybersecuritynews #wef #sec #boardofdirectors #auditcommittee #cybersecurity #cybersecurityriskmanagement #DoD
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