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As fintechs integrate with banks, regulators up the ante on cybersecurity HW+

Nov 19, 2021By

U.S. banking regulators on Thursday signed off on a new rule that requires banks to report any major cybersecurity incidents to the government within 36 hours of discovery. The final rule, approved by the OCC, the Federal Reserve and the FDIC, orders bank compliance by May 1, 2021.

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