US Banks Urge SEC to Repeal Cyber Disclosure Rule - Infosecurity Magazine (www.infosecurity-magazine.com)
from kid@sh.itjust.works to cybersecurity@sh.itjust.works on 30 May 15:11
https://sh.itjust.works/post/39046331

#cybersecurity

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wizardbeard@lemmy.dbzer0.com on 30 May 15:46 collapse

Holy shit, formal disclosure of potentially ongoing incidents within four days? With unclear and complicated specific disclosure requirements spread across multiple legalese government documents?

My knee-jerk was “duh, of course they don’t want to disclose”, but there’s some legitimate reason for pushback here.

stringere@sh.itjust.works on 30 May 17:20 collapse

My empathy for corporations having to meet burdensome regulations is null. If they’d behaved ethically in the past we wouldn’t have needed to create legislation to address their malfeasance.

I worked in IT when Sarbanes Oxley requirements were being put in place and they were a pain in the ass. Only reason those requirements came about was because of the debacle that was Enron’s implosion.