Industry stakeholders see regulatory duplication in SEC’s proposal on cybersecurity

A Securities and Exchange Commission proposal that would set new cybersecurity reporting requirements for publicly traded companies is seen by some stakeholders as a positive sign of SEC attention to cyber issues, while others are concerned about a wide expansion of regulation and possible duplication of functions being performed by other federal agencies.

The proposed rule would apply to all public companies regulated by the SEC and would require substantial cyber disclosures, including information about a cybersecurity incident within...