Banking groups ask SEC to nix the cybersecurity incident disclosure rule

American banking and financial industry advocacy groups have petitioned the SEC to repeal its cybersecurity incident disclosure rules.

A group of American banks groups want the SEC to revoke its cybersecurity incident disclosure requirements. Led by the American Bankers Association (ABA), the banking groups wrote to the SEC last week, contending that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to

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