0 likes | 1 Views
Cloud-based file transfer software u2013 built with regulatory compliance and security in mind. Partner with Sharetru and share with confidence.
E N D
Sharetru Cloud-Based File Transfer Software | Sharetru
Introduction to SEC's New Cybersecurity Rules Overview of the increasing cyber threats in the digital age SEC's response: Implementation of new cybersecurity disclosure rules on July 26, 2023 Objective: Enhance transparency and accountability among public companies
Key Aspects of the New Rules Mandatory disclosure of material cybersecurity incidents Requirement for timely reporting within four business days Obligation to outline strategies for addressing cyber threats
Prompt Disclosure Requirements Companies must assess the severity of incidents without unreasonable delay Disclosure to be made within four business days of determining materiality Emphasis on providing clear and comprehensive information about the incident
Detailed Incident Reporting Nature and scope of the cybersecurity incident Impacted systems and data Potential consequences and remedial actions taken
Limited Exceptions to Reporting Reporting can be delayed only in exceptional circumstances Example: Intervention by the Attorney General for national security reasons Such delays are rare and subject to strict scrutiny
Governance and Risk Management Disclosures Companies must describe their processes for assessing and managing cybersecurity risks Disclosure of board oversight and involvement in cybersecurity matters Outline of policies and procedures in place to address cyber threats
Implications for Public Companies Increased accountability and transparency in cybersecurity practices Necessity for robust incident response plans Potential impact on investor relations and company reputation
How Sharetru Supports Compliance Advanced platform monitoring systems for prompt incident detection Comprehensive tools for assessing and managing cybersecurity risks Facilitation of board-level oversight through detailed reporting Support for third-party assessments to ensure compliance
Stay Updated & Learn More Visit our website: https://www.sharetru.com/