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Catch the Hacker: SEC’s New Cyber Homework for Companies – A Comedic Take on Cybersecurity Disclosures
The SEC has embraced its new role as the strict teacher in “Catch the Hacker”, assigning “SEC Cybersecurity Disclosure Rules” homework to public companies. Now, these corporate pupils must spill the beans on cybersecurity incidents within four days, turning the vague term “material incident” into a riddle as clear as mud. Homework just got harder and funnier!
Hot Take:
Looks like the SEC is handing out homework assignments and pop quizzes to public companies when it comes to cybersecurity incidents. Now, these organizations have to disclose juicy details of a cybersecurity incident within four business days after determining its "materiality". Sounds like a fun game of "Catch the Hacker", where the companies are students and the SEC is the strict teacher. But hey, at least we'll have a more organized record of cybersecurity incidents. No more digging through press releases or scrolling endlessly on trackers. The only catch? Figuring out what the SEC means by "material incident" - a term as clear as mud.Already a member? Log in here