SEC Adopts New Cybersecurity Reporting Rules, Setting Up Various Compliance Challenges

After an extensive comment period, the SEC announced on July 26 that it was formally adopting new rules for public companies governing cybersecurity disclosures. The rules had generated significant backlash from public companies, who criticized the new reporting deadlines for data security incidents as well as the mandatory cyber-risk disclosures the Rules mandate….
By: Ballard Spahr LLP