Security News > 2025 > June > Bankers Association’s attack on cybersecurity transparency

A coalition of banking industry associations, including SIFA, the American Bankers Association (ABA), Bank Policy Institute (BPI), and several other lobbying groups have made a disgraceful appeal to the SEC to eliminate the rule requiring public disclosure of material cybersecurity incidents within four days of detection. This rule was established to ensure shareholders are properly informed and potential victims receive timely notice so they can take protective action, which wasn’t happening consistently before the rule … More → The post Bankers Association’s attack on cybersecurity transparency appeared first on Help Net Security.

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https://www.helpnetsecurity.com/2025/06/03/bankers-association-attack-on-cybersecurity-transparency/