Tag: cyber risk
SEC Adopts Comprehensive Cybersecurity Disclosure Requirements
On July 26, 2023, the Securities and Exchange Commission (SEC) voted at an open meeting to adopt final rules to mandate standardized cybersecurity disclosures by public companies. The final rules will: The final rules will become effective 30 days after publication in the Federal Register. Companies other than smaller reporting companies […]
White House Releases National Cybersecurity Strategy Implementation Plan
On July 13, 2023, the White House unveiled its National Cybersecurity Strategy Implementation Plan (NCSIP or implementation plan), following the release of the National Cybersecurity Strategy. The implementation plan identifies five pillars that align with the strategy: The administration identified two key motivations for the strategy and implementation plan: The […]
Improving Cyber Insurance Practice Should Be a Company’s Priority
The New York State Department of Financial Services recently issued guidance for New York-regulated property and casualty insurers to effectively manage the cyber insurance risk present in their insurance portfolio. The DFS’ guidance signals an effort to reduce overall volatility in the cyber insurance market, which has been compounded by […]