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SEC doubles down on cyber risk management accountability

KPMG and ServiceNow detail how new rules apply to public companies and provide tips to avoid gambling with cyber risk disclosure.

Investors have become increasing concerned about cyber risk, prompting the SEC to implement comprehensive new rules aimed at ensuring companies adhere to specific guidelines regarding the speed, reliability, and effectiveness of their cyber incident response plan.

Recent news stories underscore the financial ramifications of cyber incidents, especially those that extend far beyond data breaches. For example, ransomware attacks that resulted in reputational hits and disruptions to the supply chain are only two examples that were headline news in 2023. With these updates, the SEC aims to provide additional safeguards to empower investors to discern which businesses prioritize cybersecurity.

KPMG and ServiceNow come together to offer combined insight to help manage the perils buried in the regulation details. ServiceNow brings a technology perspective with a cybersecurity and enterprise-risk management platform that includes purpose-built cyber risk, incident response, and reporting workflows. Combine that with the strategic implementation experience of KPMG, and you have actionable advice to get you through this unprecedented time.

Download our latest report to get this exclusive and practical view from these two sets of industry authorities.

Dive into our thinking:

SEC doubles down on cyber risk management accountability

Four ways to avoid gambling with cyber risk disclosure

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