1. SEC Cybersecurity Rules: Navigating Cyber Risk and Liabilities.
- Author
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Bhatti, Rafae
- Subjects
- *
INTERNET security laws , *INTERNET security , *LAWYERS - Abstract
The Securities and Exchange Commission (SEC) has implemented rules that require public companies to disclose cybersecurity incidents and provide annual risk management and governance disclosures. These rules have implications for both organizations and Chief Information Security Officers (CISOs), potentially exposing them to liability for lack of cybersecurity maturity and governance. The rules consist of three key requirements: incident disclosures, risk management disclosures, and governance disclosures. Companies must disclose material cybersecurity incidents, describe their risk management processes, and disclose the board's oversight and management's role in assessing and managing cybersecurity risks. Compliance with these rules is important to avoid potential liability. [Extracted from the article]
- Published
- 2024