SEC Proposed Cybersecurity Rules

Essert Inc18 Oct, 2023Business

The new SEC cybersecurity rules are a set of regulations for public companies around cybersecurity risk management, strategy, governance, and material incident disclosure. these new rules are finalized by a 3-2 vote on July 26, 2023. The SEC now requires companies to report on their cybersecurity and risk management practices. Companies are mandated to disclose any cybersecurity incidents with potential material impact within 96 hours.