Octillo Partner and Compliance Advisory Practice Group Lead, Jordan Fischer, was recently quoted in a SecureWorld article on a proposed SEC cybersecurity rule. The article, entitled 'SEC to Put More Onus on Corporate Boards for Cybersecurity,' discusses a proposed SEC cybersecurity rule, which would require increased transparency from publicly traded companies in regards to cybersecurity. In particular, the rule would require corporate boards to report cybersecurity incidents to the SEC and their investors within four business days and identify the board members who are responsible for cybersecurity, including their level of expertise.
“The proposed SEC rules are really just another in a long trend of regulators increasingly focusing on cybersecurity across industries and businesses...How this will impact publicly traded companies, and how the SEC will enforce these rules, will be key for all businesses to watch to influence their approach to cyber within their own operations.”
Jordan Fischer
