{"id":162,"date":"2015-04-23T18:28:00","date_gmt":"2015-04-23T18:28:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2015\/04\/23\/new-sec-rules-on-cyber-and-data-security-forthcoming\/"},"modified":"2015-04-23T18:28:00","modified_gmt":"2015-04-23T18:28:00","slug":"new-sec-rules-on-cyber-and-data-security-forthcoming","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/new-sec-rules-on-cyber-and-data-security-forthcoming\/","title":{"rendered":"New SEC Rules on Cyber and Data Security Forthcoming"},"content":{"rendered":"<p>The SEC is mulling over requiring disclosures by publicly traded companies concerning data security and data breaches.\u00a0<\/p>\n<p>This should come at no suprise as in 2011, the Corporate Fiannce Division issued guidance on disclosing data security and data breaches in\u00a0CF Disclosure Guidance: Topic No. 2, Cybersecurity, Oct. 13, 2011.<\/p>\n<p>What&#8217;s the SEC considering risk factors that need to be disclosed?<\/p>\n<ul>\n<li>\u00a0if the risk of data breaches\u00a0would make an investment in the business risky or speculative AND<\/li>\n<li>including the potential cost of any breach.<\/li>\n<\/ul>\n<p>SEC is serious too. It is issuing comment letters based on the current guidance and imposing fines. <a href=\"http:\/\/www.therecorder.com\/home\/id=1202723759021?kw=SEC%20Eyes%20Cybersecurity%20Disclosure%20Regs&amp;et=editorial&amp;bu=The%20Recorder&amp;cn=20150423&amp;src=EMC-Email&amp;pt=In%20Practice%20Alert&amp;slreturn=20150323142810\">\u00a0The Recorder<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC is mulling over requiring disclosures by publicly traded companies concerning data security and data breaches.\u00a0<\/p>\n<p>This should come at no suprise as in 2011, the Corporate Fiannce Division issued guidance on disclosing data security and data breaches in\u00a0CF Disclosure Guidance: Topic No. 2, Cybersecurity, Oct. 13, 2011.<\/p>\n<p>What&#8217;s the SEC considering risk factors that need to be disclosed?<\/p>\n<ul>\n<li>\u00a0if the risk of data breaches\u00a0would make an investment in the business r&#8230;<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,3,4],"tags":[],"class_list":["post-162","post","type-post","status-publish","format-standard","hentry","category-banking","category-legislative-trend","category-retail-data-breach","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=162"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/162\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}