Firms should see the SEC recommendation to report cybersecurity incidents within four business days as an opportunity, one expert said.

U.S. shoppers spent nearly $21 billion online in 2021 using BNPL services — 230% more than the previous year, according to a study by Accenture.

As cybercriminals target crypto wallets, industry experts say a record $100 million fine by the SEC is a recognition of cryptocurrency legitimacy.

The Securities and Exchange Commission last week proposed new cybersecurity rules for private equity firms that would essentially bring the segment of the financial industry more in line with other areas, including reporting cyber incidents.

The senators praised a number of new proposed cybersecurity rules from the SEC, but called for more, including a requirement for publicly traded companies to disclose to investors whether they have a cybersecurity expert on their board of directors and if not, provide an explanation for why.

Despite rapidly growing support from the U.S. financial community for stablecoin cryptocurrency, a new report from the Federal Reserve Bank raises questions about the potential risks of instituting a central bank digital currency (CBDC).

Small and minority-led FSIs informed Congress that they required “better, more streamlined regulation” to help them set better IT security protocols and programs.

Small and minority-led financial service institutions typically have less investment in IT security than larger organizations.