Wave Systems Corp. (fka WAVXQ)

[Genz2]

U.S. Banks to Face Heightened Cybersecurity Reporting Requirements

https://www.marketwatch.com/story/u-s-banks-to-face-heightened-cybersecurity-reporting-requirements-271637265793

Excerpts:

WASHINGTON--U.S. banks face heightened reporting requirements around cybersecurity intrusions under a new rule completed Thursday by federal regulators, in a bid to boost information sharing of cyber threats.

Under the new requirements, a bank must notify its primary federal regulator of any significant cyber intrusion within 36 hours of learning of the incident, the Federal Reserve said. Banks must comply with the new reporting requirement by May.
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