Rockefeller Wants SEC To Toughen Cybersecurity Guidance

Law360, New York (April 10, 2013, 7:51 PM EDT) -- Sen. Jay Rockefeller, D-W.Va., on Wednesday pushed the U.S. Securities and Exchange Commission to issue more authoritative cybersecurity disclosure guidance in order to encourage more publicly traded companies to detail their cybersecurity risks and what steps they are taking to mitigate the threats.

While the staff-level guidance that the regulator issued in October 2011 that called on companies to disclose cyberthreats in their regulatory findings was “an important first step in the right direction,” the growing significance of cybersecurity on investors' and stockholders' decisions necessitates the...
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