One of the big corporate governance-related stories last month was the settlement agreement between the Securities and Exchange Commission (SEC) and Facebook Inc. arising from the misuse of Facebook user data and disclosures in Facebook’s public filings. The settlement was the most high-profile recent development in the realm of public company cybersecurity and cyber disclosure – but it was far from the only one we’ve seen in the news lately.
As this issue gains ever more public attention, what incident reporting trends are we seeing that affect public companies? What is the staff of the SEC focusing on in comments related to cybersecurity matters? And what are some of the lessons we have learned that board members and senior management should consider?
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