SEC Solidifies Liability Risks With Cybersecurity Guidance
Law360 (March 2, 2018, 9:49 PM EST) -- The heads of the U.S. Securities and Exchange Commission were short on specifics and broke little new ground in their recent cybersecurity disclosure guidance, but their strong endorsement of established cyber reporting principles and heightened focus on issues such as insider trading leaves little doubt as to where public companies need to focus to avoid the commission's ire, attorneys say.
The long-awaited guidance from the commissioners, which was issued Feb. 21, built on staff-level guidance from 2011 that pushed publicly traded companies to be more upfront about cybersecurity in their public filings. Many stakeholders had hoped that the commissioners would use...
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