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SEC Proposes Public Company Cybersecurity Disclosure Rules
Stinson LLP [Guidance Overview] Mar. 22, 2022 "The proposed amendments would require: [1] Current reporting of material cybersecurity incidents and periodic updates regarding the developments of previously reported cybersecurity incidents, as well as the reporting of cybersecurity incidents which, in the aggregate, become material. [2] Periodic reporting about: [a] A company's policies and procedures for identifying and managing cybersecurity risks; [b] Oversight of cybersecurity management by the board of directors; [c] Management's role and expertise in implementing a company's cybersecurity policies, procedures and strategies; [d] Annual reporting about the board of directors' cybersecurity expertise." |
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