SEC Asks Companies to Disclose Cyberattacks, Data Breaches
MSNBC.com, By Matt Liebowitz
The Securities and Exchange Commission (SEC) has formally asked
publicly traded companies in the U.S. to disclose when they've
been hacked or suffered a data breach. The request could
drastically alter how corporations traditionally handle
cybercrime attacks and the amount of staff and effort they use to
prevent such incidents.
guidance, issued yesterday (Oct. 13), calls for corporations
to disclose "timely, comprehensive, and accurate information"
regarding any cybercrime incident that has a financial impact on
the company or could mislead investors.