Organizations are between a rock and a rock and a hard place and, as the latest post from Cimplifi discusses, one reason for that is recent changes to the regulatory landscape.
Their post (Between a Rock and a Hard Place: Recent Changes to the Regulatory Landscape) discusses the difficult data protection challenge associated with recent changes to the regulatory landscape (duh!). Here’s one of those recent changes:
SEC Proposed Rules for Cybersecurity Risk Management
On March 9th, the Securities and Exchange Commission (SEC) proposed amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies (registrants).
The proposed amendments would require, among other things:
- Current reporting about material cybersecurity incidents within four business days and periodic reporting to provide updates about previously reported cybersecurity incidents.
- Periodic reporting about:
- A registrant’s policies and procedures to identify and manage cybersecurity risks.
- The registrant’s board of directors’ oversight of cybersecurity risk; and management’s role and expertise in assessing and managing cybersecurity risk and implementing cybersecurity policies and procedures.
- Annual reporting or certain proxy disclosure about the board of directors’ cybersecurity expertise, if any.
The comment period for the SEC proposed rules ended in May, so it will be interesting to see what, if any changes, are made. Regardless, the SEC proposed rules are likely to have a significant impact on how public companies address their cybersecurity obligations.
So, what are some of the other recent changes to the regulatory landscape? Find out that and more here! And please share any comments you might have or if you’d like to know more about a particular topic. They even have a cartoon with a joke about data protection!
Disclosure: Cimplifi is an Educational Partner and sponsor of eDiscovery Today
* – What’s the significance of the image at the top of the post? It’s a landscape! Get it? 😉
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