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ARTICLE · 06 NOVEMBER 2018

EY Offers New Analysis Of Cybersecurity Disclosures

In this report, EY discusses an analysis it conducted of voluntary cybersecurity-related disclosures in the 10-Ks and proxy statements of Fortune 100 companies (79 companies that had filed as of September 1, 2018).

United StatesTechnology

In this report, EY discusses an analysis it conducted of voluntary cybersecurity-related disclosures in the 10-Ks and proxy statements of Fortune 100 companies (79 companies that had filed as of September 1, 2018). The analysis notes that, not only are regulators focused on cybersecurity risk management and disclosure, but investors consider cybersecurity risk management as critical to the board's risk oversight responsibilities and boards are increasingly engaged on the topic. The analysis found a wide variation in the depth and nature of the disclosures.

SideBar

This year, with the increasing importance of cybersecurity and the increasing incidence of cyber threats, the SEC amped up its warnings on cybersecurity as a continuous risk to the capital markets and to companies, their customers and business partners, both in terms of the need for more timely and transparent disclosure as well as the importance of controls—disclosure and internal accounting.

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