SEC to Hold Cyber Security Roundtable | Practical Law

SEC to Hold Cyber Security Roundtable | Practical Law

The SEC will hold a public roundtable on March 26, 2014 to discuss cyber security and the issues and challenges it raises for market participants and public companies.

SEC to Hold Cyber Security Roundtable

Practical Law Legal Update 8-557-1929 (Approx. 4 pages)

SEC to Hold Cyber Security Roundtable

by Practical Law Corporate & Securities
Published on 14 Feb 2014 • USA (National/Federal)
The SEC will hold a public roundtable on March 26, 2014 to discuss cyber security and the issues and challenges it raises for market participants and public companies.
On March 26, 2014, the SEC will hold a public roundtable to discuss cyber security and:
  • The issues and challenges it raises for market participants and public companies.
  • How those concerns are being addressed.
In recent years, many public companies have made headlines after suffering cyber security breaches. The growing interest in cyber security has raised questions about how:
  • Market participants can effectively manage cyber security threats.
  • Public companies disclose cyber security threats and incidents.
The SEC will provide information on the agenda and participants in the coming weeks.
For a form of risk factor relating to cyber security that can be used as a starting point for drafting disclosure, see Standard Clause, Sample Risk Factor: Cyber Security.
Update: On March 24, 2014 the SEC released the agenda for the public roundtable. Panelists will discuss the cyber security landscape and cyber security issues faced by exchanges and other key market systems, broker-dealers, investment advisers, transfer agents and public companies.
For an overview of the periodic reporting and disclosure obligations that apply to public companies, see Practice Note, Periodic Reporting and Disclosure Obligations: Overview.