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On November 1, 2023, the New York State Department of Financial Services ("NYDFS") issued its Second Amendment (the "Amendment") to its Cybersecurity Requirements for Financial Services...
On 18 December 2023, the new rules of the US Securities and Exchange Commission (SEC) regarding disclosure of material cybersecurity incidents under Item 1.05 of Form 8-K went into...
SEC Adopts Final Rules on Cybersecurity Disclosures - The SEC has adopted rules requiring companies to provide disclosure within four business days of determining that a...
The rules are in response to inconsistencies and underreporting that the SEC says it has observed with respect to material cybersecurity incidents and threats.
Takeaway: To ensure investor safety and emphasize a commitment to user privacy, corporate executives and similarly-situated high ranking officers must not provide any statements or...