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In Ignites, Ed McNicholas Examines New SEC Cybersecurity Disclosure Regulatory Guidance

Practices: Data, Privacy & Cybersecurity, Asset Management, Regulatory Enforcement & Civil Litigation, Incident Response and Preparedness, Privacy & Cybersecurity Compliance and Counseling, Technology, Media & Telecommunications

In the Financial Times Ignites publication, data, privacy & cybersecurity partner and co-chair Ed McNicholas analyzed the new Securities and Exchange Commission cybersecurity disclosure regulatory guidance that mandates annual investor disclosures on cybersecurity preparedness, and requires advisors to maintain records on such practices.

Ed explains that U.S. state disclosures only require certain data, and vary by state. The SEC’s proposal would require much more information than the states do because, if passed, companies would have to disclose incidents affecting business information, research, algorithms and even ransomware attacks that don’t compromise personal data.

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