Cybersecurity Dive December 20, 2023
A new climate of regulatory scrutiny is pushing companies to reassess how they manage cyber governance and mitigation at the highest levels.
The Securities and Exchange Commission has officially reached the implementation dates for its historic cyber incident reporting requirements.
The rules, which require companies to report material cyber incidents within four business days of determination, are leading to significant changes in how companies prepare for and implement cyber risk strategies at the highest levels of publicly traded companies that operate in the U.S.
Firms have been actively reviewing their incident response programs to determine whether they are getting the right information to make an informed decision on materiality, said Joe Nocera, lead partner of cyber, risk and regulatory...
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