{"id":6219,"date":"2023-12-04T09:15:39","date_gmt":"2023-12-04T15:15:39","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=insight&p=6219"},"modified":"2023-12-07T15:10:39","modified_gmt":"2023-12-07T21:10:39","slug":"sec-cybersecurity-rule-a-closer-look","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/us\/insight\/sec-cybersecurity-rule-a-closer-look\/","title":{"rendered":"SEC Cybersecurity Rule: A Closer Look"},"content":{"rendered":"

[vc_row row_style=”page-hero” full_width=”stretch_row_content”][vc_column]\n\t

\n\n\t\t
\n\t\t\t
<\/div>\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t
\n\t\t\t
\n\t\t\t\t
\n\n\t\t\t\t\t\n
\n

Property & Casualty<\/p>\n

\n SEC Cybersecurity Rule: A Closer Look\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″]\n
\n \n

\n SEC Cybersecurity Rule: A Closer Look\n <\/h1>\n\t\n <\/div>[vc_column_text]New SEC rules released on July 26, 2023, require publicly listed companies to disclose material cybersecurity incidents they experience, and the material information regarding their cybersecurity risk management, strategy and governance annually. The new disclosure requirements take effect starting on or after December 15, 2023. The SEC\u2019s objective is to standardize cybersecurity risk reporting to enable investor confidence and enhance executive\/board level oversight of the cyber risk management function.<\/p>\n

Cybersecurity Incident Disclosures<\/h3>\n

Material cybersecurity incidents should be disclosed within a period of four business days from the date materiality\u00a0 was determined.<\/p>\n

Cybersecurity Risk Management, Strategy & Governance Disclosures<\/h3>\n

These periodic disclosures outline methodologies for evaluation, identifying and mitigating cybersecurity risks.<\/p>\n

Included in Disclosure(s)<\/h3>\n