SEC’s Cyberspace Showdown: Unmasking the New Cybersecurity Disclosure Rules for Companies
Strap in for a wild ride with the newly adopted SEC Cybersecurity Disclosure Rules! Picture ‘Show and Tell’, but with cyber catastrophes. While quarterly disclosures and identifying board cybersecurity experts didn’t make the cut, investors can still look forward to a vivid view of companies’ cybersecurity risks. Canadian issuers, carry on as usual!
Hot Take:
Well, isn't this a jolly ride on the cybersecurity rollercoaster? The U.S. Securities and Exchange Commission (SEC) has adopted new disclosure rules for public companies. It's like a 'Show and Tell' but with potentially catastrophic cyber events. The rules apply to domestic and offshore companies linked to the U.S. capital markets. Now, don't get too excited about the quarterly disclosures or identifying a board cybersecurity expert part because those didn't make the cut. But hey, at least Canadian issuers get a hall pass to continue with their own cybersecurity disclosures. Apparently, the SEC wants investors to have a crystal clear picture of the companies' cybersecurity risk environment. How thoughtful!Already a member? Log in here