SEC Issues Guidance on Cybersecurity Disclosures
The SEC clarifies reporting requirements for material cybersecurity incidents under Form 8-K, emphasizing proper use of Item 1.05 for significant events.
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The SEC clarifies reporting requirements for material cybersecurity incidents under Form 8-K, emphasizing proper use of Item 1.05 for significant events.
<p><span>The cybersecurity rules that the Commission adopted on July 26, 2023 require public companies to disclose material cybersecurity incidents under Item 1.05 of Form 8-K.</span><span> If a company chooses to disclose a cybersecurity incident for which it has not yet made a materiality determination, or a cybersecurity incident that the company determined was not material, the Division of Corporation Finance encourages the company to disclose that cybersecurity incident under a different item of Form 8-K (for example, Item 8.01). Although the te...
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