Banking industry lobbyists are pressuring the U.S. Securities and Exchange Commission to gut the 4-day breach disclosure rule—an essential safeguard for shareholders and potential victims. Their arguments are misleading, self-serving, and designed to protect profits over public trust.
This video breaks down their claims behind this disgraceful effort to undermine transparency, cybersecurity, and accountability.
Warning...I am ranting a bit in the video - my sarcasm is a free bonus.
Lobby Statement to the SEC: https://www.sifma.org/resources/submissions/letters/petition-for-rulemaking-on-the-cybersecurity-risk-management-strategy-governance-and-incident-disclosure-rule-joint-trades/
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