SEC issues guidance on cyber security disclosures
Defining Issues | February 2018
KPMG reports on the SEC’s guidance on cyber security disclosures. This updates the SEC’s 2011 guidance, but does not add new rules or regulations.
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Applicability
SEC Release Nos. 33-10459; 34-82746
- SEC registrants, except registered investment companies, registered investment advisers, brokers, dealers and self-regulatory organizations
Relevant dates
- Effective immediately
Key Impacts:
The guidance includes the following key topics:
- Required disclosure of material information
- Timeliness of disclosures
- Disclosure controls and procedures
- Risk factors
- MD&A
- Description of business
- Legal proceedings
- Financial statement disclosures
- Board risk oversight
- Insider trading
- Selective disclosure
Report contents
- Applicability
- Key facts and impacts
- Key topics
- KPMG observation
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SEC issues guidance on cyber security disclosures
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