Regulating Cyber Incidents: A Review of Recent Reporting Requirements

In today's digital landscape, cyber incidents have become more frequent and sophisticated, posing significant threats to organizations and individuals. To mitigate these risks, governments and regulatory bodies worldwide have developed various incident reporting regulations for organizations to follow. However, the effectiveness of these regulations in handling cyber incidents remains a point of debate. This paper focused on examining current cyber incident reporting regulations and their characteristics, with the primary objective of identifying the regulatory factors that impact the effectiveness of these regulations. Key aspects under investigation included timing requirements, the clarity in defining cyber incidents, and the provision of explicit guidelines regarding the necessity and scope of reporting incidents. Finally, it provides insights into how regulatory requirements can be improved to better handle cyber incidents in today's rapidly evolving regulatory environment.