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In a February 21 Release, the U.S. Securities and Exchange Commission (SEC) announced new interpretive guidance for public companies regarding cybersecurity risk and incident disclosures. The new guidance (which expands on the 2011 statement from the SEC’s Division of Corporate Finance, which identified the cybersecurity risk—and consequence—disclosure obligations for public companies) introduces two new areas of focus which had not previously been addressed by the SEC. READ MORE
A recent Letter of Consent issued by the SEC's Financial Industry Regulatory Authority (FINRA) contained some startling new requirements that, if enforced by FINRA, could place a significant burden on financial firms in regard to their privacy and cybersecurity policies. READ MORE
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