• SEC Staff Issues Disclosure Guidance Concerning Cybersecurity Risks
  • November 3, 2011 | Authors: R. Brian Brodrick; Thomas G. Jackson; Jonathan E. Silverblatt
  • Law Firm: Phillips Nizer LLP - New York Office
  • In October 2011, the Division of Corporation Finance (“Division”) of the Securities and Exchange Commission (“SEC”) issued guidance concerning the disclosure obligations of public companies in their periodic reports and registration statements relating to cybersecurity risks and cyber incidents such as when persons seek to gain unauthorized access to the digital systems of such companies for purposes of misappropriating assets or sensitive information, corrupting data, or causing operational disruptions.