Briefly Legal
Briefly Legal
New SEC Proposed Rule Addressing Cybersecurity Risks Could Foreshadow the Future of Data Privacy Requirements
The Securities and Exchange Commission recently proposed new requirements for publicly traded companies, including market entities regulated by the SEC, to address their cybersecurity risks. The proposed requirements are meant to not only protect investors, but would also benefit other market participants from knowing that the publicly traded entities have the proper protections in place. Cybersecurity and Data Privacy Practice Group Chair Anthony Hendricks breaks down the main tenants of the new SEC requirements and discusses why we should expect similar rulemakings from government agencies alike in the near future.
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