Commission Statement and Guidance on Public Company Cybersecurity Disclosures

Citation
Securities and Exchange Commission, Commission Statement and Guidance on Public Company Cybersecurity Disclosures (Feb. 2018) (full-text).

Overview
This SEC guidance calls on public companies to be more forthcoming when disclosing cybersecurity risks, even before a breach or attack as occurred. It also warns that corporate insiders must not trade shares when they have information about cybersecurity issue that is not yet public.