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SEC Chair Wants More Cyber Risk Disclosure From Public Firms

SEC Chairman Jay Clayton testifies before Senate Banking Committee on SEC, Equifax Breaches. Clayton: “Companies should be providing sooner disclosure about intrusions if it may affect shareholder disclosure decisions” The hearing occurred less than a week after the SEC disclosed its Edgar electronic reporting system for company data was breached. Clayton declined to make direct comments on the Equifax breach, but said the SEC would go after any executive who profited from insider information. He would not say whether Equifax was under investigation by the SEC, but would not rule out possibility of a probe.”]

Source: https://www.cuinfosecurity.com/sec-chair-wants-more-cyber-risk-disclosure-from-public-firms-a-10336

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