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The SEC Is Cracking Down on Companies That Do Not Disclose Cyber Incidents

Posted in Data Security, SEC

As I wrote in a previous post, the Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a Disclosure Guidance on October 13, 2011, that states publicly traded companies may be obligated to disclose cyber incidents and the risk of cyber incidents, depending on the application of various factors. Now, according to a recent… Continue Reading