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SEC Shakes Things Up: Cybersecurity Chaos Unleashed
The SEC’s new Data Breach Disclosure Rules are causing a stir, enforcing a 96-hour reveal of ‘material’ cyber incidents. It’s like being back in gym class with no excuse for forgetting your kit. Companies are scrambling to understand, faster than a cat chasing a laser…
Hot Take:
Oh boy, the U.S. Securities and Exchange Commission (SEC) is shaking things up, forcing publicly owned companies to disclose "material" cyber incidents within 96 hours. While companies argue this leaves them open to more risk and not enough time to comprehend the breach, the SEC doesn’t seem to care. They're like that strict gym teacher in high school who doesn’t take your excuses for forgetting your sports kit. I mean, the rules are rules, right? The SEC aims to provide more visibility into cybersecurity governance, but let's face it, businesses are scrambling to understand this new regulation faster than a cat trying to catch a laser pointer.Already a member? Log in here