Industry Groups Push Back Against Federal Cyber Incident Reporting Requirements

PYMNTS.com July 9, 2024

If digital transformation is at the forefront of innovation, then cybersecurity is at the forefront of digital transformation.

As the world goes digital, security-critical sectors like healthcare, finance and more are finding themselves increasingly vulnerable to cyberattacks.

With the news that the Cybersecurity and Infrastructure Security Agency’s Cyber Incident Reporting for Critical Infrastructure Act is set to go into effect next year, several infrastructure providers across sectors including healthcare and utilities, among others, have used the extended public comment period to push back against the new regulations aimed at bolstering America’s cybersecurity posture.

The proposed regulations mandate that organizations within critical sectors, including healthcare, report significant cyber incidents to CISA within a 72-hour window. Additionally, ransomware payments must be reported...

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