New SEC Rules Require U.S. Companies to Reveal Cyber Attacks Within 4 Days

New SEC Rules Require U.S. Companies to Reveal Cyber Attacks Within 4 Days

The U.S. Securities and Exchange Commission (SEC) on Wednesday approved new rules that require publicly traded companies to publicize details of a cyber attack within four days of identifying that it has a "material" impact on their finances, marking a major shift in how computer breaches are disclosed. "Whether a company loses a factory in a fire — or millions of files in a cybersecurity