Matthew S. Trokemheim

All articles by Matthew S. Trokemheim

 

The SEC is Focused on Public Company Disclosure of Cybersecurity Risks

While new data privacy rules in the European Union have dominated the news lately, the U.S Securities and Exchange Commission (SEC) has not so quietly been making waves of its own in the regulation of cybersecurity. In February ,the SEC issued fresh guidance to public companies on the disclosure of cybersecurity issues, both in identifying risks prospectively and in disclosing breaches quickly. It then followed up that guidance in April with its first ever fine of a public company for failing to promptly disclose a…