SEC Puts Focus on Cybersecurity

March 1, 2014Alerts

Following a wave of large data breaches and increased Congressional pressure, the Securities and Exchange Commission (SEC) is taking a closer look at cybersecurity disclosure requirements.

With the SEC’s increasing focus on cybersecurity, companies should reassess their compliance with the 2011 disclosure guidance, and determine whether disclosure of the potential risks associated with an actual or future cyberattack is required. Now, more than ever, it is critical for companies to gain a comprehensive understanding of their cybersecurity risks and to develop plans for managing that risk.