Haima Marlier spoke to Bloomberg Law about the Securities and Exchange Commission’s (SEC) newly proposed deadline for cyber breach reporting.
The SEC’s proposal is subject to a period of public comment before it can be finalized with commission members’ vote. According to Haima, commenters are likely to give feedback on whether four days is a “workable” timeframe for companies to provide the cyber disclosures that the commission is seeking.
“Even after materiality is determined, there may be a lot of information about an incident that’s still not yet known four days in,” Haima said.
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