Reports Summarize Engineering Study Results from Federal Reserve Bank (Improving Data for Managing Cyber Risk and Building Resilience): Engineering

2026 MAY 04 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Investigators discuss new findings in Engineering. According to news originating from Charlotte, North Carolina, by NewsRx correspondents, research stated, “Gaps in the data available for assessing cyber risk have limited the development of metrics that would help the public and private sectors prevent and recover from cyber attacks and reduce systemic risk.”

Our news journalists obtained a quote from the research from Federal Reserve Bank, “Cyber incident disclosure rules, introduced to close the data gaps, help but fall short in supporting the effective management of cyber risk. This paper examines the current and proposed reporting requirements, especially in the financial sector, where they are the most prevalent.”

According to the news editors, the research concluded: “It describes the data gaps that remain and discusses how moving toward a better and harmonized cyber incident data collection rule could improve cybersecurity, reduce the risk of catastrophic cyber incidents and reduce the regulatory burden on companies that currently must report cyber data to multiple agencies.”

This research has been peer-reviewed.

For more information on this research see: Improving Data for Managing Cyber Risk and Building Resilience. Journal of Operational Risk, 2026;21(1). Journal of Operational Risk can be contacted at: Incisive Media, Haymarket House, 28-29 Haymarket, London, SW1Y 4RX, England.

The news correspondents report that additional information may be obtained from Filippo Curti, Federal Reserve Bank, 530 East Trade St, Charlotte, NC 28202, United States. Additional authors for this research include Bryson Alexander, Jeff Gerlach and Stacey Schreft.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.21314/JOP.2025.013. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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