SEC Adopts Cyber Regulations – Security

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Key Takeaways:

  • On July 26, 2023, the Securities and Exchange Commission (SEC)
    adopted rules requiring disclosure of material cybersecurity
    incidents as well as periodic disclosure of cybersecurity risk
    management, strategy, and governance.

  • Public companies will be required to disclose “any
    cybersecurity incident they determine to be material” under
    new Item 1.05 of Form 8-K.

  • Public companies will need to describe their…

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