Tag: cybersecurity disclosure

Cybersecurity risk disclosure remains at relatively low levels, but for how long?

Even though, in the wake of recent events, cybersecurity is a very hot topic, only 38% of U.S. public companies cite cybersecurity as a risk factor in their annual and quarterly SEC filings, according to a recent study from Intelligize.  The study showed that, while only 426 public companies cited cybersecurity as a risk in 2012, that number grew to 1,662 in 2016.  However, so far in 2017, the number has been relatively flat at 1,680. But the question remains, how long will that continue?

Bipartisan Senate bill introduced to require public companies to increase transparency regarding board oversight of cybersecurity risks

by Cydney Posner Senators Jack Reed and Susan Collins have introduced the bipartisan Cybersecurity Disclosure Act of 2015, a bill to promote transparency in the oversight of cybersecurity risks at publicly traded companies.  According to the press release, the bill is designed to ensure that public companies “provide a basic […]

Highlights from panels with current and former staff of Corp Fin

by Cydney Posner Below are some highlights (from my notes) of the PLI Securities Regulation Institute panel discussions Thursday and Friday with the Corp Fin staff (Keith Higgins, Shelley Parratt, David Fredrickson, Michele Anderson, Karen Garnett) as well as a number of some former staffers, plus some additional discussion from […]