Feds Outline Broad Cyber Disclosures
Proposed U.S. Securities and Exchange Commission cybersecurity rules would provide some much-needed standardization for companies seeking to determine how much and when to reveal cyber-related intrusions to their investors, experts say.
[...]
Observers say the regulation could have implications for both cyber and D&O policies, although these are difficult to determine at this point.
“Cyber insurance in particular is in a constant state of evolution, so it’ll be interesting to see how insurers adjust their language” in response to the proposed rules, said policyholder attorney James S. Carter, a partner with Blank Rome LLP in Washington.
To read the full article, please click here.
"Feds Outline Broad Cyber Disclosures," by Judy Greenwald was published in Business Insurance on May 3, 2022.