The company that runs global financial exchanges and clearing houses has agreed to a $10 million fine to settle charges it delayed notifications of a cyber intrusion about 3 years ago. The U.S. Securities and Exchange Commission (SEC) on May …
Internet giant Google on Feb 6 called out a series of surveillance software companies that it said were enabling the use of dangerous hacking tools, and urged the United States and its allies to do more to rein in the …
Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches. The Justice Department is planning to issue guidance by December on how firms can get exemptions fromthe …
The Swiss government proposed on Friday making it mandatory to report cyberattacks on critical infrastructure as a way to help shed light on hackers and sound the alarm more widely. It asked parliament to approve legislation that creates the legal …
EU countries should put in place a framework to manage cyber-security risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyber attacks that could disrupt key activities and steal sensitive information. The proposal is part …
As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has been “a paradigm shift in cybersecurity enforcement.” That’s according to Matt Levine, a partner in Phillips Nizer’s litigation department in its New York …
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. “I don’t think the solution to the cybersecurity problem rests in regulation,” Arthur Lindo, senior associate director of the …
While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are beginning to question the regulation’s impact to directors …
