Despite rules laid out by the Securities and Exchange Commission (SEC), publicly traded companies aren’t disclosing details of major data breaches.
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SEC gets tough on data breach disclosures
Even though the Securities and Exchange Commission has warned publicly traded companies about their need to disclose data breach details and information about security risks, most haven’t complied. Now the agency is getting tougher in demanding disclosures.
SEC: Public companies must report data breaches
As the federal government considers laws mandating businesses report data breaches, the Securities and Exchange Commission recently published guidance on what public companies must disclose about their cybersecurity.