New SEC Cybersecurity Rules: The Intersection Between the Rules & Insurance Coverage
… and regulators to reevaluate the need for heightened cyber oversight and reporting obligations. In July 2023, the U.S. Securities and Exchange Commission (SEC) announced new cybersecurity rules applicable to publicly listed companies and foreign private issuers. These new rules, effective December 2023, require two types of disclosures: Annual Cybersecurity Risk Management, Strategy and Governance Disclosure: Public companies will now be required to provide a description of their process for identifying and managing cybersecurity risk as part of their annual 10-K filings. The description in the Form 10-K will need to be sufficiently detailed to allow a reasonable …
https://www.epicbrokers.com/insights/new-sec-cybersecurity-rules/