Restaurant group urges SEC to rescind cyber proposal, disputes premise of incidents affecting stock price

The National Restaurant Association disagrees with an underlying premise of proposed SEC rules that cybersecurity incidents affect share price, and says the proposal should be rescinded as the Cybersecurity and Infrastructure Security Agency develops its own incident reporting rule under a new law.

“While the Association supports reasonably timely and protected disclosures of cybersecurity incidents to the federal government, we oppose the Commission's proposed rules as drafted due to the duplicative nature of current and future cybersecurity legislation, the potential...