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[ NNSquad ] SEC says public companies must disclose cyberattacks

SEC says public companies must disclose cyberattacks

http://j.mp/ohe9yD  (SEC)

   "For a number of years, registrants have migrated toward increasing
    dependence on digital technologies to conduct their operations. As
    this dependence has increased, the risks to registrants associated
    with cybersecurity1 have also increased, resulting in more frequent
    and severe cyber incidents. Recently, there has been increased focus
    by registrants and members of the legal and accounting professions on
    how these risks and their related impact on the operations of a
    registrant should be described within the framework of the disclosure
    obligations imposed by the federal securities laws. As a result, we
    determined that it would be beneficial to provide guidance that
    assists registrants in assessing what, if any, disclosures should be
    provided about cybersecurity matters in light of each registrant's
    specific facts and circumstances."

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Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren 
Co-Founder: People For Internet Responsibility: http://www.pfir.org 
 - Network Neutrality Squad: http://www.nnsquad.org 
 - Global Coalition for Transparent Internet Performance: http://www.gctip.org
 - PRIVACY Forum: http://www.vortex.com 
Member: ACM Committee on Computers and Public Policy
Blog: http://lauren.vortex.com 
Google+: http://vortex.com/g+lauren 
Twitter: https://twitter.com/laurenweinstein 
Tel: +1 (818) 225-2800 / Skype: vortex.com