Thursday, 27 July, 2023
SEC Proposes Stricter Cybersecurity Measures for Public Companies Amid Rising Hacks and Data Breaches
The U.S. Securities and Exchange Commission (SEC) has proposed new regulations to strengthen cybersecurity measures for public companies in response to the increasing number of hacks and data breaches. The proposed rules would require companies to implement robust cybersecurity programs, conduct regular risk assessments, and promptly disclose cyber incidents to stakeholders. The move aims to safeguard sensitive data and protect investors from cyber threats in an ever-evolving digital landscape.