Gunster Shareholder Greg Bader authored an article that is featured in the September issue of the American Bankers Association Compliance Magazine. In the article, Bader discusses the new 36-hour cyber incident reporting rules that U.S. bank regulators recently adopted to help avert cyber attacks.
Bader notes that with cybersecurity threats on the rise, the new 36-hour rule is only one of several being introduced and adopted, and is less burdensome. He mentions that the requirement “allows for flexibility in a bank’s determination of whether a reportable incident has occurred as well as how much information to report.”
Gregory K. Bader focuses his practice on mergers and acquisitions, regulatory compliance, securities offerings, and advising companies and their management as they make critical business decisions. He has been involved with mergers and acquisitions for numerous public and private companies operating inside and outside of Florida. He has handled a wide array of business combinations, reorganizations, conversions and financings. He has also assisted numerous companies and financial institutions with their transactional and regulatory needs.