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The new rule of the U. S. SEC requires public companies to detect cybersecurity breaches in 4 days

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U.S. Securities and Exchange Commission Chairman Gary Gensler testifies during a House Financial Services Committee hearing on oversight of the SEC, April 18, 2023, on Capitol Hill in Washington. Two lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns. (AP Photo/Jacquelyn Martin, File)

Washington – The U.S. Securities and Exchange Commission approved rules Wednesday to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays will be allowed if immediate disclosure poses serious national security or public safety risks. The new rules, passed by a 3-2 vote along … Read more