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SEC's Gensler signals enhancement of cybersecurity, breach disclosure rules for financial sector
CyberScoop www.cyberscoop.com
U.S. Securities and Exchange Commission Chairman Gary Gensler is exploring an expansion of the SEC’s core cybersecurity rules to cover a broader swath of entities and require public companies to improve disclosure of breaches and risks. Gensler said in a speech on Monday that he instructed staff to look into an update of the commission’s “Regulation Systems Compliance and Integrity,” or Reg SCI, which the SEC adopted in 2014. Staff will examine whether the regulation — under which trading organizations …
breach breach notification cybersecurity disclosure financial financial services gary gensler incident reporting policy regulation rules sec sector securities and exchange commission (sec)