Continuing its focus on cybersecurity, on March 9, 2022, in a party-line vote, the SEC proposed rules and amendments governing cybersecurity reporting requirements for public companies subject to the Securities Exchange Act of 1934.
SEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting Requirement
On Feb. 9, 2022, the SEC released its long-awaited proposed cybersecurity rule, and there’s a lot to unpack. As GT reported previously, the SEC increased enforcement of cybersecurity compliance in 2021. As recently as Jan. 24, 2022, Chair Gary Gensler made cybersecurity the focus of his speech at Northwestern Law School’s Securities Regulation
With New Cybersecurity Enforcement, the SEC Puts Its Money Where Its Mouth Is
The past 12 months have seen an increase in cybersecurity attacks against major companies, placing data breaches on the front page of virtually every major newspaper. The U.S. government has taken notice. In May, the Biden administration issued an executive order requiring government agencies and certain government contractors to comply with cybersecurity requirements. In July,
Protecting Your Most Valuable Intellectual Property From Cyberattacks
Innovation and ingenuity captured by companies in the form of intellectual property (IP) can be some of the greatest corporate assets and as such, require protection. Trade secrets, in particular, are sensitive intellectual property rights because they consist of proprietary information that maintains its value based on its confidentiality or secret status.
If stolen, the