New regulations by the US Securities and Exchange Commission (SEC) have caused the number of cybersecurity incident reports from public companies to rise by 60% since the regulation was introduced in 2023. However, less than 10% of the reports provide details on the material effects of the incidents. Over 25% of these incidents involve third-party breaches. Moreover, the SEC has recently been cracking down on companies that do not fully disclose the impacts of cybersecurity incidents.
UK firms are 'sleepwalking' into smart building cyber threats
Summarize this content to a maximum of 60 words: The convergence of operational technology and IT systems is posing serious risks for property firms.
