SEC Head Orders Review Of Cyberthreat Disclosure Guidance

Law360, New York (May 14, 2013, 9:28 PM EDT) -- U.S. Securities and Exchange Commission Chairman Mary Jo White has asked her staff to assess the effectiveness of staff-level guidance that pushes companies to disclose cyberthreats in their regulatory filings in order to determine if a more stern directive is needed, she said in a letter released Monday.

The newly confirmed SEC chairman's action comes in response to an April 10 letter penned by Sen. Jay Rockefeller, D-W.Va., that urged the agency to elevate the staff-level cybersecurity disclosure guidance the regulator had issued in October 2011...
To view the full article, register now.