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ARTICLE · 11 NOVEMBER 2011

SEC Issues Guidance on Disclosure Obligations Relating to Cybersecurity Risks and Cyber Incidents

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In light of the increased dependence on digital technologies by public companies and the increasing frequency and severity of cyber incidents, the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC") issued guidance on October 13, 2011, regarding the disclosure obligations of public companies relating to cybersecurity risks and cyber incidents.

United StatesPrivacy

Originally published November 2011

Keywords: SEC, disclosure, cyber security, public companies

In light of the increased dependence on digital technologies by public companies and the increasing frequency and severity of cyber incidents, the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC") issued guidance on October 13, 2011, regarding the disclosure obligations of public companies relating to cybersecurity risks and cyber incidents. In preparing its guidance, the SEC Staff tried to balance the disclosure obligations of public companies against the potential for detailed disclosures to compromise cybersecurity efforts by providing a roadmap for those seeking to infiltrate a public company's network security.

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