The Financial Stability Board called for common regulations to oblige finance companies to report cyber-breaches to the relevant watchdogs. Not all countries and sectors in the financial world currently have a unified set of rules on what should be reported during an incident such as an online attack or a data breach, the board added.
“This fragmentation could undermine a financial institution’s response and recovery actions, and underscores a…
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Watchdogs Call For Standardized Cyber-Breach Reporting https://ift.tt/2ZklC2Z