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New SEC Cyber Rules

Ron Gula discusses the latest SEC cybersecurity requirements. The SEC's new cybersecurity rules require public companies to disclose cyber risks, incidents, and management strategies to investors. This increases transparency which is good. Companies must judge for themselves what constitutes a "material" cyber incident that requires reporting within 4 days. There is debate around the 4 day timeline but the intent is good. This is a risk management approach focused on strategy rather than tactical requirements. Companies know their business best to determine what's material and manage risks. The rules will likely improve security practices for some companies not doing enough before. But even companies with strong security can suffer breaches, so learning from incidents collectively is important. Overall this fits with the Biden administration's cybersecurity strategy to improve resilience and transparency. The rules aim to protect investors, companies, and society through cyber risk disclosure. #RonGula #Cybersecurity #Cynfeld #GulaTechAdventures #AI #CyberComedy