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US Banks Urge SEC to Repeal Cyber Disclosure Rule - Infosecurity Magazine
(www.infosecurity-magazine.com)
this post was submitted on 30 May 2025
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Cybersecurity
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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.
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.