Materially Missing the Mark With Cyber Event Disclosure Rules
A little over a year ago, the US SEC’s rules on cybersecurity incident disclosures were enacted, mandating that all publicly traded companies report material cyber events within four days after they had been determined as such unless exempted for national security or safety reasons. The rationale behind these rulings was that they would provide investors and relevant stakeholders with the information necessary to make more informed decisions, thereby leading to more realistically priced options.