Inside Cybersecurity

June 25, 2024

Daily News

House panel advances resolution to roll back controversial SEC cyber disclosure rule

By Sara Friedman / May 20, 2024

The House Financial Services Committee has approved along party lines a resolution from Rep. Andrew Garbarino (R-NY) to roll back a controversial Securities and Exchange Commission rulemaking that went into effect in December to require publicly traded companies to disclose cyber incidents.

“Under this new reporting regime, public companies are required to publicly disclose any cybersecurity incident they determine to be material within four days of the company’s determination. Further, the final rule requires new annual report disclosures regarding a...

Log in to access this content.

Not a subscriber? Sign up for 30 days free access to exclusive news and analysis on cybersecurity regulations and more.