SEC data breach rules News

SEC Looking Into Whether Firms Failed to Disclose Effects of SolarWinds Cyber Breach

The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented hack, two persons familiar with the investigation …

SEC Discloses It Was Hacked, Now Fears Hackers Used Data for Illicit Trading

Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the Securities and Exchange Commission …

SEC May Use Yahoo Case to Set Data Breach Disclosure Rules

Yahoo’s disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. Democratic Senator Mark Warner last week asked the U.S. …