SEC Cybersecurity Disclosure Enforcement Heats Up: Recent Developments

With an ongoing investigative sweep and a series of enforcement actions announced in the past few months, the SEC appears to be highly focused on cybersecurity disclosure enforcement during these early stages of the new administration. Companies regulated by the SEC should take steps now to ensure disclosure controls are in place and operating effectively. This first installment of a two-part guest article guest series by William Johnson, Matthew Hanson, Joseph Zales, and Charles Cain, attorneys at King & Spalding, reviews the applicable SEC regulations and guidance, along with the growing body of enforcement actions. Part two will discuss ongoing investigations and provide practical guidance for management and boards of directors regarding such controls. See “Six Ways to Be Prepared for the SEC’s Focus on Cybersecurity and Resiliency” (Apr. 15, 2020).  

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