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US Banks Urge SEC to Repeal Cyber Disclosure Rule – Infosecurity Magazine

US Banks Urge SEC to Repeal Cyber Disclosure Rule – Infosecurity Magazine

U.S. banks are requesting the SEC to repeal a cyber disclosure rule that mandates public companies disclose cyber incidents. They argue that the rule may increase compliance burdens and create unnecessary public panic. The banks believe the current regulatory framework is sufficient for managing cyber risks without the need for additional disclosures.

Source: www.infosecurity-magazine.com –

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