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Business/Financial

Congressmen Say SEC Should Consider Tougher Cyber Disclosure Regulations For Firms

By Cal Biesecker

Thursday, June 18th, 2015

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Congressmen Say SEC Should Consider Tougher Cyber Disclosure Regulations For Firms

Rep. Jim Langevin (D-R.I.)

The Securities and Exchange Commission (SEC) should consider directing publicly traded companies to disclose how they adhere to best practices for securing their data networks and how those practices are determined, two Democratic congressmen wrote to the chair of the commission on Thursday.Seeking to better understand how the SEC gains its own understanding of cyber security challenges facing public companies, Reps. Jim Himes (Conn.) and Jim Langevin (R.I.) also ask SEC Chair Mary Jo White to update them on “how…

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