New United States Securities and Exchange Commission (SEC) rulemaking makes cyber risk reporting and business resilience planning a key component of effective board governance. Earlier this year, the SEC released a proposed cybersecurity disclosure rule to advance risk management and governance towards the treatment of cyber risk.
This World Economic Forum article covers:
Cybersecurity is no longer an issue reserved strictly for the IT or compliance executives, it is an issue that impacts all board members.
The SEC are increasing their requirements for cybersecurity disclosures and so boards must be fully informed and aware of cyber risks and responses.
The new NACD Cyber Risk-Reporting Service will help companies navigate their regulatory responsibilities and real time cyber risks.
Complete article is here.