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Hacked Companies Face Regulatory Scrutiny

SEC is investigating the speed and completeness of disclosures to shareholders by companies that were victims of cyber attacks.

By Dave Michaels, Bloomberg | Updated on July 02, 2014

The U.S. Securities and Exchange Commission (SEC) has opened investigations of multiple companies in recent months examining whether they properly handled and disclosed a growing number of cyber attacks.

The investigations are focused on whether the companies adequately guarded data and informed investors about the impact of breaches, according to two people familiar with the matter who asked not to be named because the probes aren’t public.

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