SEC commissioner Lizárraga stresses need for cyber expertise on corporate boards

SEC commissioner Jaime Lizárraga says a proposed mandate that corporate boards report on the cyber expertise of their members is a key component of an extensive push to bolster cybersecurity among publicly traded companies, even amid intense pushback to the proposal from business groups.

“The Commission has … proposed rules to address the often inconsistent and unreliable disclosures on cybersecurity incidents by public companies. In addition to public disclosure of material cybersecurity incidents … the proposal would require disclosure of...