ICBA, other groups urge Congress to reauthorize cybersecurity law

ICBA and other groups urged Congress to reauthorize the Cybersecurity Information Sharing Act (CISA 2015) before it expires on Sept. 30, warning that failure to act could eliminate a valuable tool used to protect U.S. critical infrastructure sectors.

Background: The bipartisan CISA legislation—enacted after an Office of Personnel Management breach in 2015—provides private-sector entities with information and liability protections for sharing cyber threats. It also includes an antitrust exemption that provides similar protections for sharing between private companies.

Details: In a letter to congressional leaders, ICBA and the other groups said:

  • This voluntary information-sharing framework has been instrumental in strengthening the country’s collective defense against cybersecurity threats.

  • The expiration of these protections would leave the U.S. vulnerable to nation-state attacks and cybercriminals.

ICBA Resources: Cyber and data security resources for community bankers are available on the ICBA website.

Previous News

  • FinCEN removes beneficial ownership reporting requirements for U.S. companies

    The Financial Crimes Enforcement Network announced an interim final rule that removes the requirement for U.S. companies and persons to report beneficial ownership information under the Corporate Transparency Act. FinCEN said that foreign entities must still report their BOI under the new deadlines.

    Image

    Mar 24, 2025

  • Senators signal bipartisan support for the CDFI Fund

    A bipartisan group of 23 senators led by CDFI Caucus Co-chairs Mark Warner (D-Va.) and Mike Crapo (R-Idaho) reaffirmed their support for the Community Development Financial Institutions Fund following a recent executive order from the White House.

    Image

    Mar 21, 2025

  • OCC to cease examinations for reputation risk

    The OCC announced that it will no longer examine its regulated institutions for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guides.

    Image

    Mar 21, 2025


Related News Taxonomy