Understanding The Implications Of The SEC Incident Disclosure Rules

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Understanding The Implications Of The SEC Incident Disclosure Rules
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Head of Cyber Policy and Global Field CISO, Fortinet, and Fortinet Federal Board Member. Read Jim Richberg's full executive profile here.

. The new SEC rules also require that public companies disclose their processes for assessing, identifying and managing cybersecurity threats by annually submitting. These new rules force businesses to go “on the record” about their cyber plans—or worse, to reveal that they don’t have any plans at all.

Determining"materiality" in the wake of a cyber incident is a team activity involving multiple participants in the company, each largely focused on answering a different but important question. Cyber experts typically focus on determiningAlthough these parts of the company work together routinely, timelines are often shorter and the consequences of failure to collaborate are greater when a significant cyber incident unfolds.

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