Major industry groups urge SEC to hold off on finalizing cyber proposal, allow for more input

The U.S. Chamber of Commerce and groups from across critical infrastructure sectors are asking the Securities and Exchange Commission to further engage with stakeholders before finalizing a cybersecurity proposal that would set new incident reporting and risk management requirements.

“Many in the business community strongly believe that the Commission’s proposal should not be finalized in its current form. Calibrating the rulemaking correctly requires the SEC to proceed with caution and coordinate with other parts of the federal government,” according to...