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ARTICLE · 09 JANUARY 2012

SEC Staff Issues Cybersecurity Disclosure Guidance

The SEC staff issued CF Disclosure Guidance: Topic No. 2 – Cybersecurity on Oct. 13, 2011.

United StatesFinance and Banking

The SEC staff issued CF Disclosure Guidance: Topic No. 2 – Cybersecurity on Oct. 13, 2011. This guidance is intended to provide the views of the SEC's Division of Corporation Finance regarding disclosure obligations relating to cybersecurity risks and cyber incidents. While the statements in this CF Disclosure Guidance represent the views of the staff of the Division of Corporation Finance, this guidance is not a rule, regulation, or statement of the Securities and Exchange Commission. Nonetheless, given the role of the staff of the Division of Corporation Finance in reviewing public company disclosure, the Guidance provides helpful insight into what the staff will be looking for when reviewing filings.

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