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Here’s what regulators will want boards to know about cybersecurity

Updated: Feb 29

New United States Securities and Exchange Commission (SEC) rulemaking makes cyber risk reporting and business resilience planning a key component of effective board governance. Earlier this year, the SEC released a proposed cybersecurity disclosure rule to advance risk management and governance towards the treatment of cyber risk.

This World Economic Forum article covers:

  • Cybersecurity is no longer an issue reserved strictly for the IT or compliance executives, it is an issue that impacts all board members.

  • The SEC are increasing their requirements for cybersecurity disclosures and so boards must be fully informed and aware of cyber risks and responses.

  • The new NACD Cyber Risk-Reporting Service will help companies navigate their regulatory responsibilities and real time cyber risks.

Complete article is here.


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