SEC Moves up Start Date of Reporting Material Cybersecurity Incidents

By Cam Sivesind

According to a press release yesterday from the United States Securities and Exchange Commission (SEC), the agency has "adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. The Commission also adopted rules requiring foreign private issuers to make comparable disclosures."