Data Law Insights

Data Law Insights

Legal insights on navigating privacy, data protection, cybersecurity, information governance, and e-discovery

Tag Archives: U.S. Securities and Exchange Commission

SEC Encourages Internal Accounting Controls to Guard Against Cyber Fraud

Posted in Cybersecurity / Data Security, Data Breach, Government Agencies
Concluding its investigation into the internal accounting controls of nine public issuers who were recent cyber fraud victims, the Securities and Exchange Commission (“SEC”), Division of Enforcement explicitly reminded issuers to consider cyber-related threats in developing and deploying their Section 13(b)(2)(B) internal accounting controls. The SEC emphasized the importance of tailoring internal accounting controls to… Continue Reading

U.S. Securities and Exchange Commission Ups the Ante for Addressing Corporate Cyber Risks

Posted in Cybersecurity / Data Security
On February 21, 2018, the U.S. Securities and Exchange Commission (“SEC”) voted unanimously to disseminate its Statement and Guidance on Public Company Cybersecurity Disclosures, an “interpretive guidance” designed to help publicly-traded companies satisfy their cybersecurity risk disclosure obligations. The new guidance supplements the SEC’s initial October 13, 2011 Cybersecurity Disclosure Guidance, which was relatively broad,… Continue Reading