U.S. Chamber urges SEC to delay cyber incident reporting rule, convene meetings on next steps

The U.S. Chamber of Commerce is asking the Securities and Exchange Commission to put a pause on new incident reporting and cyber risk management requirements, following the approval of a controversial rulemaking last month that will require most publicly traded companies to comply by December.

“The Rule creates procedures that are vague and unworkable, ignores the role of national security agencies, and establishes conflicting obligations on the part of the issuer leading to unclear enforcement standards. Unfortunately, many of these...