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New SEC cybersecurity disclosure rules: What you need to know to stay in compliance

The SEC is requiring companies to provide standardized information about their cybersecurity risk management and incidents as part of new rules aimed at helping investors. The rules came into effect in September 2023, and companies must now disclose both significant cybersecurity incidents and their risk management processes, with subsequent reports supplementing initial disclosures if necessary. They must also outline their approach to identifying and managing cybersecurity risks in their annual reports. The rules are evidence of growing awareness that cybersecurity threats can significantly impact firms and influence investment decisions.

Source: techcrunch.com –

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