The Securities and Exchange Commission adopted rules requiring publicly traded companies to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. At SideChannel, we deploy cost effective cybersecurity solutions for public companies of all sizes. Find out how we can help your organization meet SEC requirements.
The new rules will require registrants to disclose on the new Item 1.05 of Form 8-K any cybersecurity incident they determine to be material and to describe the material aspects of the incident’s nature, scope, and timing, as well as its material impact or reasonably likely material impact on the registrant.
The new rules also add Regulation S-K Item 106, which will require registrants to describe their processes, if any, for assessing, identifying, and managing material risks from cybersecurity threats, as well as the material effects or reasonably likely material effects of risks from cybersecurity threats and previous cybersecurity incidents.
Item 106 will also require registrants to describe the board of directors’ oversight of risks from cybersecurity threats and management’s role and expertise in assessing and managing material risks from cybersecurity threats. These disclosures will be required in a registrant’s annual report on Form 10-K.
Our team of experienced CISOs work with your team to deploy cost effective cybersecurity solutions that enhance processes, improve posture, and enable alignment to SEC regulations.
From cybersecurity Risk Assessments to Virtual CISO (vCISO) services, our tailored bundle of products & services help public companies enhance their security posture while meeting SEC regulation. Discover how we can support your organization.
Our cybersecurity services create tangible benefits for our clients, so your organization can:
Maintain regulatory compliance as SEC standards evolve.
Create a proactive defense that stops threats before they get to data.
Respond quickly and effectively to new threats.
Protect customer data without any disruption.
Defend current security investments while easily integrating new tools.
Reduce security costs by aligning security strategy to overall business goals.
Find out how you can confidently disclose a cybersecurity program to investors with SideChannel. Contact us today to learn more.
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