The Canadian Investment Regulatory Organization (CIRO) identified a cybersecurity threat on August 11, and as a precaution, “proactively shut down some of its systems to ensure their safety and immediately started an investigation. Throughout this time, critical functions remained available,” CIRO officials say. “CIRO’s real-time equity market surveillance operations continue as normal, with no active… Read More >>
Key Groups Challenge SEC’s Cyberattack Disclosure Processes
Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
FSB Proposes Common Reporting Format for Operational Incidents
The Financial Stability Board (FSB) has released a common operational incident format intended to counter the fragmented requirements and coordination of such reporting, officials say. Recently published for consultation, the new Format for Incident Reporting Exchange (FIRE) targets financial services firms that need to effectively report operational events such as cyber incidents, officials say. FSB… Read More >>
Cybersecurity Regulation Deadline Looming via NY DFS
In case you may need another regulatory deadline, the New York Department of Financial Services (DFS) has issued a reminder to all the organizations it oversees that they have a cybersecurity regulation deadline coming up on Sept. 4, 2018. That is the day when “the third transitional period of New York’s first-in-the-nation cybersecurity regulation ends,”… Read More >>
