Page 32 - Cyber Defense eMagazine October 2023

Understanding The Impact of The SEC’s

Cybersecurity Disclosure Regulations

By George Gerchow, CSO and SVP of IT, Sumo Logic

Corporate security and compliance teams are scrambling to understand the implications of the U.S.
Security and Exchange Commission’s (SEC) recently announced cybersecurity disclosure and reporting
regulations. While the need to report ‘material cybersecurity incidents’ within four days (and the
anticipated penalties for non-compliance) is a concern for many security teams already stretched to the
limit, the requirements for ongoing disclosure and governance may have a bigger impact.

However, industry leaders are touting the potential benefits of the new regulations, especially for
investment customers who will enjoy greater transparency and accountability regarding security
breaches. And companies that employ emerging technologies and best practices to address the new
SEC rules may see a boost in customer confidence and achieve other competitive advantages.

Cyber Defense eMagazine – October 2023 Edition 32
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