United States:
Federal Register: SEC Provides Guidance To Public Companies On Cybersecurity Disclosure Obligations
28 February 2018
Cadwalader, Wickersham & Taft LLP
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SEC interpretive guidance intended to help public companies
prepare disclosure statements about cybersecurity risks and
incidents was published in the Federal Register.
In the guidance (previously covered
here), the SEC outlined various rules and requirements that may
obligate companies to disclose cybersecurity-related information.
The SEC also addressed two new topics: (i) the importance of
cybersecurity policies and procedures, and (ii) the application of
insider trading prohibitions in the cybersecurity context. The SEC
urged companies to be vigilant with regard to insider trading laws
in connection with cyber vulnerabilities and breaches.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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