The U.S. Securities and Exchange Commission (SEC) on Wednesday finally adopted stringent new cybersecurity disclosure rules for public companies, 16 months after the agency proposed them.
That lag gave companies an abundance of lead time to prepare for the requirement that has the cybersecurity community most worried: a mandate that companies publicly disclose a breach within four days after determining that it was material.
Still, experts say, companies are a long way from being ready.
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Hugo Guzman
Hugo Guzman is a reporter on ALM's in-house desk based in California, covering legal departments at disruptive technology companies, as well as labor and employment issues involving the NLRB, EEOC and other regulators. Connect with him at [email protected] today.
