Wednesday, April 24, 2024

SEC guidelines push for clearer data breach disclosures

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American companies havent always been forthright about disclosing data breaches in a responsible way, and regulators want to encourage better behavior. The Securities and Exchange Commission has issued interpretive guidance that it hopes will both promote clearer disclosures and fewer ethical conflicts. The guidance asks companies to share more information about cyberattacks and other risks, and warns executives against trading securities before theyve publicly shared the detail…<...
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