(Credit: Gorodenkoff/Adobe Stock) Rule Hastening Disclosure of Cyber Breaches Likely to Ignite Litigation, Insurance Headaches
"My fear is the disclosures that the rules require companies to make in a big rush may force companies to have to 'go public' before they fully understand the situation," insurance executive Kevin LaCroix wrote in a blog post.
September 07, 2023 at 03:08 PM
7 minute read
Cybersecurity
Public companies will shoulder the potentially costly burden of a new federal rule giving them just four days to report a cybersecurity incident—a nightmare for firms lacking a sound framework for managing data security.
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