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New SEC Rules Required Public Companies to Promptly Disclose Cyberattacks

On July 26, 2023, the Securities and Exchange Commission (the “SEC”) adopted rules requiring public companies to promptly disclose material cybersecurity breaches on Form 8-K and detailed information regarding their cybersecurity risk management and governance in their annual reports on Form 10-K. Such disclosures are to be made in new Item 1.05 of Form 8-K and new Regulation S-K Item 106 included in Form 10-K. These new rules follow a push from the SEC to enhance and standardize disclosures…
By: Patterson Belknap Webb & Tyler LLP
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