Bloomberg Law
December 10, 2018, 11:03 PM UTC

Cybersecurity Risks: SEC Expects Disclosure Updates This Year

Leslie A. Pappas
Leslie A. Pappas
Staff Correspondent

Cybersecurity risks are material to nearly every public company, and regulators will expect updated disclosures about them this year, a Securities and Exchange Commission official indicated Dec. 10.

Cybersecurity is “absolutely” a topic of interest and it’s “definitely fair” to say that the SEC “will be taking a look at that” when reviewing company disclosures this season, Cicely LaMothe, associate director in the SEC’s Division of Corporation Finance, said during a panel discussion at the American Institute of CPAs conference on SEC-PCAOB developments in Washington.

LaMothe’s remarks came nearly a year after the SEC updated guidance on cybersecurity disclosure ...

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