Shameful Lobbying: Bankers Association’s Attack on Cybersecurity Transparency

Banking industry lobbyists are pressuring the SEC to gut the four-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 and exposes the real motivations behind this disgraceful effort to undermine transparency and accountability.

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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