What SEC’s new guidelines mean for public companies in 2024 | Federal News Network ...Middle East

This past summer, the Securities and Exchange Commission adopted new rules that require companies to disclose material cybersecurity incidents and, “disclose on an annual basis material information regarding their cybersecurity risk management, strategy and governance.” The primary goal of these guidelines is to preserve investor confidence by creating transparency around material security incidents. Historically, there hasn’t been much regulation around reporting breaches; companies could de-escalate or de-risk some of the impacts to their organization in the wake of an attack, but they weren’t explicitly required to report the details of cybersecurity incidents. Some companies would disc

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