The New SEC Rules: Why companies err on the side of filing ...Middle East

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The New SEC Rules: Why companies err on the side of filing
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When the Security and Exchange Commission (SEC) first announced its new cyber rules promoting increased transparency around cybersecurity incidents last summer, many organizations responded with concern around how they would effectively comply with the new rules — specifically, around the requirement to disclose any material cybersecurity incident within four days of discovery. Determining materiality presents a tough task. Thresholds can vary greatly from company to company, and in many cases, a company facing a cybersecurity event won’t know the extent of their material damages until long after the incident occurred – and well past the stipulated four-day reporting period. The SEC cyb

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