TBC Blog Ready or Not, the New SEC Cybersecurity Rules are Here!

Allegedly, the wrath of the U.S. Securities and Exchange Commission (SEC) was triggered by the large number of organizations that hid ransomware attacks and data breaches from the SEC, paid ransoms without federal notification, buried cyber risk from investors, and let vulnerabilities remain long after discovery. Allegedly.The SEC's new Cybersecurity and Risk Management rules become effective on September 5, 2023, and are intended to curb non-disclosure. All publicly traded companies must comply with these new rules beginning in 2024.