SEC’s New Cybersecurity Rules Have Global Reach
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August 28, 2024
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This article from Corporate Compliance Insights was first published on August 22, 2023. The entire publication is available at: https://www.corporatecomplianceinsights.com/sec-cybersecurity-rules-global-reach/
The SEC’s cybersecurity rules, applicable to publicly traded companies, have significant impacts globally. Public companies operating in the U.S. must comply with specific obligations, including assessing and potentially enhancing their cybersecurity posture, as will companies with an international headquarters but who conduct business in the U.S. Companies with mature cybersecurity practices may require only minor adjustments to ensure compliance, while others might require substantial changes to cybersecurity programs. These rules emphasize risk management, material incident reporting, and board oversight.
Proactive compliance with these rules will help companies meet regulatory demands and enhance their market value by demonstrating robust cybersecurity practices to stakeholders. An increase in transparency and how cybersecurity risks are being properly mitigated can serve as a differentiator to investors and stakeholders alike. Integrating cybersecurity into corporate governance is essential, involving regular assessments, updated policies, and informed boards. Complying with the SEC’s cybersecurity rules will better prepare companies for meeting future regulatory obligations, strengthening their overall security posture and creating resilience across the enterprise.
Reprinted with permission from Corporate Compliance Insights
Published
August 28, 2024
Key Contacts
Senior Managing Director, Head of Americas Cybersecurity
Senior Director