Featured in this episode of Tech News of the Week
Cybersecurity attacks are on the rise, as clearly demonstrated by the main article in this week’s Chaos Lever. The SEC wants public companies to be more transparent ahem MICROSOFT ahem in disclosure of breaches that have a material effect on their bottom line by requiring disclosure of the incident within 4 business days of its discovery.
The SEC is primarily worried about investors, but this rule could also assist with standardizing how and when disclosure are made, and alert other companies to be on the watch for similar incidents. Naturally, companies are complaining that the timeline is too short, that it’s outside of the SEC’s purview, and that it might aid cyber criminals looking for ripe targets.
I say, maybe you should spend more time securing your crap and less time complaining.