Public Companies Beware: SEC Makes Cybersecurity Scarier Than a Stephen King Novel!
Buckle up public companies, the SEC’s new cybersecurity reporting rules are here, turning cybersecurity into a Stephen King-esque thriller. With the ‘material cybersecurity incident’ left delightfully vague, companies must now play the story-teller, deciding when cyber mischief transforms into a plot twist that would make a reasonable investor quiver.
Hot Take:
Got a secret? Can you keep it? Not so much if you're a public company dealing with cybersecurity incidents, says the U.S. Securities and Exchange Commission (SEC). In an effort to make cybersecurity scarier than a Stephen King novel, the SEC has adopted new rules requiring public companies to disclose their internal processes for handling cyber threats and any 'material cybersecurity incident'. We're talking about the kind of cyber mischief that would send a shiver down the spine of a reasonable investor. And just to keep things interesting, they've left it up to companies to decide when an incident crosses the line into 'material'. Now that's what I call a plot twist!Already a member? Log in here