Only half of those, however, report being highly confident in their organization’s ability to comply with the disclosure rules.
LOS ANGELES, February 22, 2024–(BUSINESS WIRE)–AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced the results of an in-depth study of the impact on businesses of the SEC Cybersecurity Disclosure Rules. The report, based on a survey of over 300 executives and security professionals across North America, finds the majority of respondents (81%) say the new U.S. Securities and Exchange Commission (SEC) cybersecurity disclosure ruling will substantially impact their business. Only half (54%) of those, however, report being highly confident in their organization’s ability to comply with the disclosure ruling.
The SEC’s new cybersecurity rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure went into effect on Dec. 15, 2023. These new rules mandate that publicly traded companies disclose significant cybersecurity incidents in a timely manner, along with the measures taken to address these threats. Since the final rules were announced in July 2023,…
