Few companies are telling securities regulators about cyberattacks, a new analysis finds, despite recent efforts to bolster disclosures of such incidents to investors. About 90% of known cyber incidents at public companies went undisclosed in regulatory filings in 2018, according to an analysis by the office of Securities and Exchange Commission member Robert Jackson, a… Continue reading Many Company Hacks Go Undisclosed to SEC Despite Regulator Efforts
Tag: data breach
California May Broaden Far-Reaching Data Privacy Law
California consumers would have more power to sue corporations for misusing their data under a proposal by the attorney general Monday to expand what already is the nation’s most far-reaching law protecting personal information. The revision to the law passed last year is among several sought by Attorney General Xavier Becerra and Santa Barbara Democratic… Continue reading California May Broaden Far-Reaching Data Privacy Law
Credit Reporting Agencies Face Pressure from U.S. Congress
The nation’s major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry. Top executives from the three major credit reporting agencies – Equifax Inc, Experian Plc and TransUnion had to defend their business models before skeptical lawmakers who appeared eager to order changes to the sector following… Continue reading Credit Reporting Agencies Face Pressure from U.S. Congress
Aon and Norton LifeLock Develop Solution to Help High-Net-Worth Individuals Defend Assets Against Cyber Criminals
Aon plc the leading global professional services firm providing a broad range of risk, retirement and health solutions, and Norton™ LifeLock™, a Symantec brand today announced the development of a comprehensive solution that will help high-net-worth individuals be protected online and safeguard their assets from lurking cyber criminals. “Our proprietary platform utilizes a scalable, dynamic… Continue reading Aon and Norton LifeLock Develop Solution to Help High-Net-Worth Individuals Defend Assets Against Cyber Criminals
Privacy Breach Prompts Early Shut Down of Google+
After discovering a software bug that exposed the private profile information of 52 million users to outside app developers, Google said it would close the consumer version of its Google+ social network. This is the second time this year the company has acknowledged exposing private user data. The Alphabet Inc. unit announced on Monday it… Continue reading Privacy Breach Prompts Early Shut Down of Google+
Google Exposed User Data, Feared Repercussions of Disclosing to Public
Google exposed the private data of hundreds of thousands of users of the Google+ social network and then opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage, according to people briefed on the incident and documents reviewed by The… Continue reading Google Exposed User Data, Feared Repercussions of Disclosing to Public
SEC Provides New Far-Ranging Cybersecurity Guidance
The Securities and Exchange Commission (“SEC”) released expansive interpretive guidance (“2018 Guidance”), posted February 21, 2018, further building upon its far-reaching cybersecurity guidance provided in 2011. Below are four key takeaways that will be essential in complying with federal securities laws going forward. 1. The SEC recognizes that effective cybersecurity has never been more… Continue reading SEC Provides New Far-Ranging Cybersecurity Guidance