![]() ☀️The rules require companies to disclose on an annual basis material information about their cybersecurity risk management, strategy, and governance. ☀️The rules require companies to disclose material cybersecurity incidents within four business days of the incident's discovery. Here are some additional details about the new rules: The rules will help investors make informed investment decisions and hold companies accountable for their cybersecurity practices. The SEC's new cybersecurity rules are a significant step forward in protecting investors from the risks of cybersecurity incidents. Companies are also required to disclose on an annual basis material information about their cybersecurity risk management, strategy, and governance, including their policies and procedures for managing cybersecurity risks, their incident response plans, and their training programs for employees. The rules require companies to disclose material cybersecurity incidents, including the nature of the incident, the impact on the company's operations, and any steps taken to remediate the incident. The new rules are designed to help investors understand the cybersecurity risks faced by public companies and to hold companies accountable for their cybersecurity practices. ![]() ![]() The rules will become effective 30 days following publication in the Federal Register, and the first disclosures will be due beginning with annual reports for fiscal years ending on or after December 15, 2023. The Securities and Exchange Commission (SEC) has adopted new rules requiring public companies to disclose material cybersecurity incidents and to provide annual disclosures about their cybersecurity risk management, strategy, and governance. ![]()
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