{"id":20185,"date":"2023-12-26T14:01:38","date_gmt":"2023-12-26T21:01:38","guid":{"rendered":"https:\/\/webdev.securin.xyz\/?p=20185"},"modified":"2024-04-10T15:16:09","modified_gmt":"2024-04-10T22:16:09","slug":"secs-new-cybersecurity-disclosure-rules-what-does-it-mean-for-you","status":"publish","type":"post","link":"https:\/\/webdev.securin.xyz\/articles\/secs-new-cybersecurity-disclosure-rules-what-does-it-mean-for-you\/","title":{"rendered":"SEC\u2019s New Cybersecurity Disclosure Rules: What Does it Mean for You?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20185\" class=\"elementor elementor-20185\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5654c18 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5654c18\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dacf809\" data-id=\"dacf809\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d60acaf elementor-widget elementor-widget-text-editor\" data-id=\"d60acaf\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In the last week of July 2023, the United States Securities and Exchange Commission (SEC) announced its <\/span><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-139\"><span style=\"font-weight: 400;\">adoption of new guidelines<\/span><\/a><span style=\"font-weight: 400;\"> relating to the disclosure of cybersecurity incidents. This comes at a time when cyber attack incidents and consequent financial losses are at an <\/span><a href=\"https:\/\/www.ic3.gov\/Media\/PDF\/AnnualReport\/2022_IC3Report.pdf\"><span style=\"font-weight: 400;\">all-time high<\/span><\/a><span style=\"font-weight: 400;\">, calling for increased awareness at all levels.<\/span><\/p><p><span style=\"font-weight: 400;\">The new guidelines require companies, both public and private, to disclose information regarding security incidents including details of their risk management, strategy, and governance measures. The update aspires to enhance and standardize disclosures by organizations that are subject to the reporting requirements of the Securities Exchange Act of 1934. With this, the onus is now on companies to provide their investors with relevant, accurate and timely information, enabling them to make informed decisions.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7bfe44 elementor-widget elementor-widget-spacer\" data-id=\"a7bfe44\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9dbc194 elementor-widget elementor-widget-heading\" data-id=\"9dbc194\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the SEC?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f7636c elementor-widget elementor-widget-text-editor\" data-id=\"3f7636c\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.sec.gov\/about\"><span style=\"font-weight: 400;\">SEC<\/span><\/a><span style=\"font-weight: 400;\"> is an independent agency of the US federal government, created post the 1929 Wall Street crash with the intention to enforce the law against market manipulation.\u00a0 Its operations are five-fold:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inform and protect investors &#8211;<\/b><span style=\"font-weight: 400;\"> Provides alerts to caution investors about emerging scams along with educational bulletins.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Facilitate capital formation &#8211;<\/b><span style=\"font-weight: 400;\"> Compiles small business resources and fosters engagement with financial technology innovators.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enforce federal securities laws &#8211;<\/b><span style=\"font-weight: 400;\"> Secures court orders to stop violations, disgorgement of illegal funds, and impose civil penalties.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regulate securities markets &#8211;<\/b><span style=\"font-weight: 400;\"> Oversees fair markets by regulating market participants like\u00a0 self-regulatory organizations.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Provide data &#8211; <\/b><span>Updates open data program, APIs for aggregating financial data, and reporting active broker-dealers.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc8868f elementor-widget elementor-widget-spacer\" data-id=\"fc8868f\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31f477b elementor-widget elementor-widget-heading\" data-id=\"31f477b\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why is this a Critical Development?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83cc78d elementor-widget elementor-widget-text-editor\" data-id=\"83cc78d\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Cyber attacks, network intrusions, supply chain attacks, and ransomware incidents have become commonplace. The financial sector, industrial sector, and federal governments are among the top categories that have borne the brunt of such attacks. According to <\/span><a href=\"https:\/\/newsroom.ibm.com\/2023-07-24-IBM-Report-Half-of-Breached-Organizations-Unwilling-to-Increase-Security-Spend-Despite-Soaring-Breach-Costs\"><span style=\"font-weight: 400;\">research<\/span><\/a><span style=\"font-weight: 400;\">, the global average cost of a data breach reached $4.45 million in 2023 \u2013 an all-time high based on a 15% increase over the last three years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Consequently, cybersecurity governing bodies worldwide have become extremely vigilant in the enforcement of cyber policies. Keeping in line, the US government enforced the <\/span><a href=\"https:\/\/www.cisa.gov\/topics\/cyber-threats-and-advisories\/information-sharing\/cyber-incident-reporting-critical-infrastructure-act-2022-circia#:~:text=Organizations%20should%20report%20anomalous%20cyber,Act%20of%202022%20(CIRCIA).\"><span style=\"font-weight: 400;\">Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA)<\/span><\/a><span style=\"font-weight: 400;\"> in March 2022, regulating organizations to report cyber incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA). The intention behind these efforts is to spot attack patterns, render assistance to victims and warn potential targets.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The recently adopted rules by the SEC\u00a0 aim to enhance transparency and accountability by requiring companies to disclose both specific incidents and their broader cybersecurity strategies, emphasizing the importance of these issues to investors. It also underscores the increasing importance of cybersecurity considerations in the broader landscape of corporate governance and reporting.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc231e1 elementor-widget elementor-widget-spacer\" data-id=\"dc231e1\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fe93b7 elementor-widget elementor-widget-heading\" data-id=\"7fe93b7\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What does this mean for your Organization? <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c2c67b elementor-widget elementor-widget-text-editor\" data-id=\"7c2c67b\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The latest rules put the responsibility on organizations to keep their investors informed of any relevant breaches or data loss issues, in specified formats.\u00a0<\/span><\/p><p><b>How to comply with the new rules?<\/b><\/p><ul><li><span style=\"font-weight: 400;\">Breach information should be conveyed to investors within four business days of the incident investigation.<\/span><\/li><li><span style=\"font-weight: 400;\">Companies must provide annual insights into their security measures, efforts into risk management,\u00a0 and overall cyber strategy. <\/span><\/li><li>Periodic disclosures must be presented in <a href=\"https:\/\/www.sec.gov\/structureddata\/osd-inline-xbrl.html\"><span>Inline eXtensible Business Reporting Language (Inline XBRL)<\/span><\/a><span> within stipulated time periods.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cdf7a0 elementor-widget elementor-widget-image\" data-id=\"5cdf7a0\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"3300\" height=\"2550\" src=\"https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01.png\" class=\"attachment-full size-full wp-image-20203\" alt=\"\" srcset=\"https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01.png 3300w, https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01-300x232.png 300w, https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01-1024x791.png 1024w, https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01-768x593.png 768w, https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01-1536x1187.png 1536w, https:\/\/webdev.securin.xyz\/wp-content\/uploads\/2023\/12\/SEC_new_rules_cheatsheet-01-2048x1583.png 2048w\" sizes=\"(max-width: 3300px) 100vw, 3300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5893990 elementor-widget elementor-widget-spacer\" data-id=\"5893990\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0c2de0 elementor-widget elementor-widget-heading\" data-id=\"f0c2de0\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Consequences of Failure to Comply with the New SEC Rule<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-489b872 elementor-widget elementor-widget-text-editor\" data-id=\"489b872\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Failing to abide by the SEC\u2019s rules can result in legal complications and fines. Adhering to the new rules is a must in order to retain existing investors and attract new ones.\u00a0<\/span><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-234#:~:text=The%20SEC%20settled%20charges%20against%20software%20company%20Blackbaud%20Inc.%20for,penalty%20to%20settle%20the%20charges\"><span style=\"font-weight: 400;\">In 2023<\/span><\/a><span style=\"font-weight: 400;\"> the SEC filed 784 enforcement actions, ordered for $5 billion financial remedies, and distributed $1 billion to harmed investors. The rulings spanned across the security industry, covering\u00a0 billion-dollar frauds and crypto investor threats involving asset securities and cybersecurity. Violators from public companies to social media influencers were charged with protection for investors and whistleblowers. <\/span><\/p><p><i><span style=\"font-weight: 400;\">Some instances where the SEC\u2019s rules were enforced:<\/span><\/i><\/p><ul><li><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2022-214\"><span style=\"font-weight: 400;\">ABB Ltd<\/span><\/a><span style=\"font-weight: 400;\">., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery scheme.<\/span><\/li><li><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-63\"><span style=\"font-weight: 400;\">Vale S.A<\/span><\/a><span style=\"font-weight: 400;\">., a mining company and one of the largest iron ore producers in the world, were forced to pay $55.9 million combined in a civil penalty, disgorgement, and prejudgment interest to settle charges for allegedly false and misleading disclosures about the safety of its dams prior to a collapse that killed 270 people.<\/span><\/li><li><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2023-191\"><span style=\"font-weight: 400;\">Goldman Sachs &amp; Co. LLC<\/span><\/a><span style=\"font-weight: 400;\"> paid a $6 million penalty to resolve the SEC&#8217;s charges for failing to provide complete and accurate securities trading information, known as blue sheet data.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14f6320 elementor-widget elementor-widget-spacer\" data-id=\"14f6320\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-227ba5f elementor-widget elementor-widget-heading\" data-id=\"227ba5f\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can Organizations Expect?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a439e12 elementor-widget elementor-widget-text-editor\" data-id=\"a439e12\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Complying with the new SEC rules might require organizations to change the way they have been practicing cybersecurity so far. Companies need to up their game in identifying, assessing, and managing security risks that could affect investors. Here are some influential factors that might affect future organizational practices:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adopt a stringent process for identifying, maintaining, and reporting cybersecurity risks and events.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider the risks involved in working with or using third-party resources, especially those having investor or client relationships.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reevaluate the preparedness of all organizational teams in reacting to security incidents of all magnitudes.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Find the balance of identifying security incidents that could be of importance to investors by disclosing enough details to avoid legal repercussions while ensuring no additional risks to the company.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">It is also important to note that the rules adopted by the SEC are not exclusive to US companies; they also apply to foreign private issuers. This means that companies based outside the US that are listed on US exchanges are subject to SEC reporting requirements and must comply with these disclosure rules as well.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaf91af elementor-widget elementor-widget-spacer\" data-id=\"aaf91af\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d187d0 elementor-widget elementor-widget-heading\" data-id=\"5d187d0\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What does this mean for Investors?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c989af elementor-widget elementor-widget-text-editor\" data-id=\"0c989af\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The new SEC rules aim to strengthen the position of investors, pushing them to be completely \u201caware\u201d of what they are investing in. The compulsory rule to disclose cybersecurity incidents by companies means that investors will now be aware of any significant breach or incident that could impact their strategic decisions. The annual disclosure of cybersecurity information can provide investors with insights into how a company is addressing and managing cybersecurity risks.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f2af38 elementor-widget elementor-widget-spacer\" data-id=\"9f2af38\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d91f95c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d91f95c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7063cc8\" data-id=\"7063cc8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c82a90e elementor-widget elementor-widget-text-editor\" data-id=\"c82a90e\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">In an <\/span><\/i><a href=\"https:\/\/borncity.com\/win\/2023\/11\/17\/when-ransomware-groups-alphv-snitch-on-victims-to-the-sec\/\"><i><span style=\"font-weight: 400;\">interesting twist<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, BlackCat (AlphV) ransomware group filed a complaint with the SEC against its own victim, MeridianLink a US provider of a lending system and digital credit platform for financial institutions,\u00a0 for not keeping the SEC informed of their intrusion!<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5b668d elementor-widget elementor-widget-spacer\" data-id=\"c5b668d\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-627c3b3 elementor-widget elementor-widget-heading\" data-id=\"627c3b3\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Let Us Move Towards Responsible Cybersecurity<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c565a91 elementor-widget elementor-widget-text-editor\" data-id=\"c565a91\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The importance of transparent and prompt cybersecurity incidents disclosure cannot be overstated in the rapidly evolving digital landscape. Embracing a culture of disclosure not only safeguards organizations but also fosters trust among stakeholders, customers, and the wider community. The interconnected nature of today\u2019s cyber infrastructure demands a collaborative effort in fortifying defenses. As organizations navigate the complexities involved, prioritize the disclosure of incidents and embrace regulations not just as mandates but as essential tools in building the resilience of our security strategies.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ffc172 elementor-widget elementor-widget-spacer\" data-id=\"5ffc172\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-24e3ead elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24e3ead\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3d3f4f8\" data-id=\"3d3f4f8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-426e8ea elementor-widget elementor-widget-spacer\" data-id=\"426e8ea\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84bafa4 elementor-widget elementor-widget-text-editor\" data-id=\"84bafa4\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 dir=\"ltr\" style=\"text-align: center;\"><a href=\"https:\/\/securin.io\/contact-us\">Talk with our experts<\/a> to help fortify your defenses and strengthen your cybersecurity posture for the new SEC rules.<\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2677758 elementor-widget elementor-widget-spacer\" data-id=\"2677758\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Explore the SEC&#8217;s new cybersecurity disclosure rules, its implications, and how it impacts organizations.<\/p>\n","protected":false},"author":1,"featured_media":20194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[82,80],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/posts\/20185"}],"collection":[{"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/comments?post=20185"}],"version-history":[{"count":15,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/posts\/20185\/revisions"}],"predecessor-version":[{"id":20207,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/posts\/20185\/revisions\/20207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/media\/20194"}],"wp:attachment":[{"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/media?parent=20185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/categories?post=20185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webdev.securin.xyz\/wp-json\/wp\/v2\/tags?post=20185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}