SEC Likely To Revisit Cybersecurity Guidance, Official Says

Law360, New York (November 9, 2017, 8:48 PM EST) -- The U.S. Securities and Exchange Commission likely will issue new guidance to public companies on disclosing cybersecurity incidents, a top official said Thursday, in a sign that the agency is looking to improve industry practices that have been criticized in the wake of massive breaches at companies like Equifax Inc. and Yahoo Inc.

Speaking at a Practising Law Institute event in New York, William Hinman, director of the SEC’s Division of Corporation Finance, told a gathering of lawyers that while the principles-based advice the agency gave...
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