The world around us is becoming increasingly digital and interconnected, with cybersecurity an even more critical concern amid an ever-increasing number of large-scale compromises. The lack of timely disclosure has warranted a change in divulging information to shareholders. In July, the U.S. Securities and Exchange Commission (SEC) released final cybersecurity rules requiring public companies to disclose details of material incidents, as well as details of cybersecurity risk management, strategy and governance. As companies grapple with these new mandates, they’re confronted with a profound realization: cybersecurity is no longer a checkbox for compliance but an imperative that affects their entire organization.
The SEC’s move to extend its cybersecurity requirements signifies a pivotal evolution in the regulatory landscape. It demands proactive measures, strategic planning, a holistic approach to safeguarding data and operations and a shift from an approach emphasizing regulatory environments versus the broader enterprise. In this article, we’ll delve into the expansive scope of the SEC cybersecurity requirements, exploring how they transcend the control environment over…
