Cybersecurity firm Panaseer has released a new analysis predicting a significant rise in mentions of the National Institute of Standards and Technology (NIST) in annual reports to the Securities and Exchange Commission (SEC). According to Panaseer’s study, such mentions have already surged twelvefold in the first five months of 2024 compared to the same period in 2023. This increase is attributed to new SEC rules that came into effect in December 2023, mandating greater disclosure of cybersecurity postures in annual reports and filings.
From January to May 2024, there were 1,327 filings mentioning NIST, compared to just 110 during the same period in 2023. Panaseer projects that the number of such filings could reach up to 2,600 by the end of the year, representing a more than 20-fold increase. The dramatic rise underscores the growing emphasis on cybersecurity risk management in the regulatory landscape and points to increased scrutiny that Chief Information Security Officers (CISOs) will face.
Nick Lines, Security Evangelist at Panaseer, commented on the implications of the new SEC regulations: “The SEC’s regulations will provide greater transparency, which is a…
