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SEC Issues New Cyber Risk Reporting Guidelines

Matthew Beinart By
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SEC Issues New Cyber Risk Reporting Guidelines
iStock Cyber Lock

The Securities and Exchange Commission approved a new set of guidelines Wednesday urging companies to be more forthcoming in disclosing known cyber risks and incident reports following breaches. The latest report builds on a set of 2011 guidelines and requires companies implement policies to more rapidly assess cyber threats and detail potential vulnerabilities in its SEC filings.“Yesterday, the Commission approved the issuance of an interpretive release to provide guidance to public companies when preparing disclosures about cyber security risks and…

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