Banking Regulators Require Cybersecurity Incident Reports Within 36 Hours

U.S. banking regulators finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully completed a massive cross-industry cyber security drill that aims to ensure Wall Street knows how to respond in the event of a ransomware attack that threatens to disrupt a range of financial services.