The US Securities and Exchange Commission (SEC) has mandated that publicly traded corporations notify investors of significant cyber events four days after a breach. As part of its proposal, Wall Street wants companies to report any trading conflicts of interest related to artificial intelligence.
Following a vote by the Commission’s five members, the new regulations on “Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies” were made public on Wednesday.
Investors may be affected whether a company loses a factory in a fire or millions of files in a cybersecurity event, according to SEC Chair Gary Gensler read more Wall Street adopts new cyber rules AI proposal.
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