Administrative/Regulatory,
Data Privacy
Sep. 21, 2023
SEC requires publicly traded companies to disclose cyberattacks within four days
New SEC rules may have prompted MGM Resorts’ next day report of expected millions in losses from ongoing cyberattack.
Anita Taff-Rice
Founder
iCommLaw
Technology and telecommunications
1547 Palos Verdes Mall # 298
Walnut Creek , CA 94597-2228
Phone: (415) 699-7885
Email: anita@icommlaw.com
iCommLaw(r) is a Bay Area firm specializing in technology, telecommunications and cybersecurity matters.
Despite significant criticism, the Securities and Exchange Commission’s new rules requiring rapid and detailed disclosure of material cyberattacks took effect this month. The new SEC rules require publicly traded companies to provide updated disclosures on Form 8-K describing a cyberattack that may cause a material effect on corporate profits. Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 17 CFR Parts 229, 2...
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