Between the SEC’s creation of a specialized Cyber Unit, its recent release on cybersecurity guidance for disclosures and an emphasis on the need for robust policies and procedures surrounding cybersecurity incidents and reporting, the agency’s focus on cybersecurity appears to be at its peak.
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Although the SEC has not yet imposed an independent consultant or monitor as part of any cybersecurity-related enforcement actions, it is likely only a matter of time. Accordingly, corporate boards of registered entities and their counsel should consider the implications of a cybersecurity monitor.
Read the full article from StoneTurn’s Rex Homme and Randall Lehner of Kelley Drye in Corporate Board Member.
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Rex Homme, a Partner with StoneTurn, has more than 30 years of experience. He provides clients with financial consulting and accounting advice on forensic accounting investigations, complex business litigation matters, […]
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