The SEC wants companies to talk about cybersecurity
Posted on Mar 8, 2018 in Cybersecurity, Financial Services, Regulation, Securities & Corporate Governance | Comments Off on The SEC wants companies to talk about cybersecurity
On February 21, 2018, the Securities and Exchange Commission issued an interpretive release providing important guidance to certain registrants on cybersecurity disclosure.
- The guidance makes clear its view that material risks or incidents related to cybersecurity fall within a company’s ongoing obligation to disclose material information in current and periodic reports.
- The guidance also expands on disclosure controls and procedures, insider trading and selective disclosures.
- The decision to release this guidance underscores a heightened focus on cybersecurity and serves as a reminder to registrants that cybersecurity is a top priority for the Commission.
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