Viewpoint: SEC Eyes Cybersecurity Disclosure Regs
The agency shouldn't regulate to the point of forcing companies to advertise vulnerabilities, writes Jared Kopel.
April 16, 2015 at 12:02 PM
8 minute read
The cyberattack against Sony Corp. last year raised a host of legal issues, including potential liability under the federal securities laws.
A senior official of the Securities and Exchange Commission recently warned cybersecurity “is high on our radar screen,” and the SEC is considering taking actions to require publicly traded companies to disclose more information concerning cybersecurity issues, including data breaches.
The SEC is considering whether to require formal disclosures, but it should tread carefully so it doesn't force companies to advertise vulnerabilities.
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