SEC Mandates Cybersecurity Disclosures for Publicly Traded Companies

SEC Mandates Cybersecurity Disclosures for Publicly Traded Companies

Commencing September 5, 2023, publicly listed companies are required by the Securities Exchange Commission-SEC to submit information about any cyber breach within a four-day span, beginning from the moment it is detected. Further, these companies are also mandated to divulge their approach to handling cyber risks, including their strategy and governance methods.

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The information contained in this article is intended for educational purposes and to provide a general understanding of regulatory events, legislative changes and the law – not to provide specific legal advice. Employers are advised to discuss and/or receive counsel from their licensed legal or accounting professional, prior to implementing any new policy or policy change.