SEC Releases Updated Guidance For Cybersecurity Disclosure

Overall, the updated SEC guidance set the bar a little higher and provided clear reminders — or, when needed, warnings — about the responsibilities of management and the board regarding cybersecurity disclosure.

“Today, the importance of data management and technology to business is analogous to the importance of electricity and other forms of power in the past century.” — SEC Commission Statement and Guidance on Public Company Cybersecurity Disclosures

On Feb. 21, 2018, the U.S. Securities and Exchange Commission (SEC) released updated guidance on cybersecurity disclosure for public companies. The agency updated the document’s previous language, which was released in 2011, regarding cyber risks and their impact on investment decisions. Continue reading at