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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

In September 2017, then-SEC Chairman Jay Clayton issued a public statement that provided an overview of the SEC’s approach to cybersecurity and underscored it as a priority for the SEC. The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

In January 2017, seeking to provide practical advice for directors to address their oversight responsibilities, the National Association of Corporate Directors (NACD) released its (revised) Handbook on Cyber-Risk Oversight (NACD Handbook). Its prescription can be understood as an enterprise-level, targeted guidance approach. Principle 2.