The US Securities and Exchange Commission (SEC) is once again turning its attention to standards and reporting for cybersecurity within the Financial Services sector of the US economy, in an effort to bolster visibility, preparedness, accountability and shareholder confidence in corporate cybersecurity measures. I touch on the latest developments in my most recent contribution for the Forbes Finance Council.
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Regulators are Doubling Down on Cybersecurity
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In March of this year, the Securities and Exchange Commission (SEC) proposed a set of rules and amendments that they hope will bolster the financial sector’s defense against cyberattacks. They aim to standardize disclosures of material cybersecurity incidents and improve visibility into a company’s cybersecurity risk management and governance policies to better inform investors.
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