To The Nation's Largest Banks: Thanks For Reading

It seems that some of the nation's largest public company banks must be avid readers of this blog and have taken to heart our 2013 prediction that the SEC would require greater disclosure related to data security risks and breaches.  In their recent annual reports, Goldman Sachs Group Inc., Citigroup, Inc., Bank of America Corp. and many other large banks provided increased disclosure relating to their vulnerability to cybersecurity attacks.

In its Form 10-K, Goldman Sachs cautioned:

"We are regularly the target of attempted cyber attacks, including denial-of-service attacks, and must continuously monitor and develop our systems to protect our technology infrastructure and data from misappropriation or corruption. Although we take protective measures and endeavor to modify them as circumstances warrant, our computer systems, software and networks may be vulnerable to unauthorized access, misuse, computer viruses or other malicious code and other events that