SEC proposes four-day rule for public companies to report cyberattacks

A new rule proposed by the US Securities and Exchange Commission (SEC) would force public companies to disclose cyberattacks within four days along with periodic reports about their cyber-risk management plans. Specifically, the proposed rule would amend the Form 8-K reporting requirements to include cybersecurity incident disclosure “within four business days after the registrant determines that it has experienced a material cybersecurity incident.”

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