CM300x250
BLS_web_ad_300x250_V3B
Lock_Lord_Web_tile_IAPP-300x250-animated
Certification_CIPT_300x250final-01
AsiaPF15_300x250_Banner_FINAL
DPI15_300x250_Banner_FINAL

Bloomberg reports that the Securities and Exchange Commission (SEC) cyber-disclosure guidance has “become de facto rules for at least six companies” including Google and Amazon. According to letters sent by the SEC, the companies were asked to, in future filings, disclose to investors if systems had undergone a cyberattack. Companies have expressed concerns that such admissions can hurt reputations, provide competitors with important information or give rise to consumer litigation, the report states. In its deliberations on cybersecurity legislation, Congress has assessed ways to encourage firms to disclose data breaches, including a voluntary reporting system. Editor’s Note: The IAPP’s recent web conference, The SEC Guidance on Cybersecurity and Incident Disclosure: What You Need to Know, is available for purchase on demand.
Full Story 

0 Comments

If you want to comment on this post, you need to login

Related