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The US Securities and Exchange Commission (SEC) today proposed amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. Public companies may be required to report cybersecurity incidents within 4 days. These disclosures would be made to the investors as cybersecurity is an ‘emerging...

The US Securities and Exchange Commission (SEC) has for the first time issued a proposal for cybersecurity rules, procedures and data breach prevention measures for investment funds and advisers. If approved, the measures will require thousands of companies to report cyberattacks within 48 hours. The proposals require funds and registered investment advisers to develop written...

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