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US regulators order banks to report cyberattacks within 36 hours

Bleeping Computer: “US federal bank regulatory agencies have approved a new rule ordering banks to notify their primary federal regulators of significant computer-security incidents within 36 hours. Banks are only required to report major cyberattacks if they have or will likely impact their operations, the ability to deliver banking products and services, or the US financial sector’s stability. Bank service providers will also have to notify customers “as soon as possible” if a cyberattack has materially affected or will likely affect the customers for four or more hours…

Computer-security incidents can result from destructive malware or malicious software (cyberattacks), as well as non-malicious failure of hardware and software, personnel errors, and other causes,” the Computer-Security Incident Notification Final Rule explains (PDF)…”

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