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SEC Issues New Guidance on Public Company Cybersecurity Disclosure and Governance
22 February 2018
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Yesterday, the SEC issued new Guidance regarding cybersecurity disclosure and governance requirements that reinforces and builds upon October 2011 guidance by the staff of the Division of Corporation Finance.
The Guidance underscores the importance of robust and timely disclosures of cybersecurity incidents and risks.
The Guidance also stresses the importance of controls and procedures related to cybersecurity and policies and procedures that guard against insider trading based on material non-public information about cyber incidents or risks.
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