Newly Proposed Rules from the SEC Mean New Requirements for the Financial Industry and Public
On March 9, the US Securities and Exchange Commission (SEC) issued proposed rules regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. SEC Chair Gary Gensler highlighted in the press release that “Over the years, our disclosure regime has evolved to reflect evolving risks and investor needs. Today, cybersecurity is an emerging risk with which public issuers increasingly must contend.