SEC Says Public Firms May Need To Disclose Cyberattacks 21
Trailrunner7 writes "The Securities and Exchange Commission has issued new guidance to help public companies determine when they may need to disclose an attack — or even a potential attack — in order to make potential investors aware of possible risks to the company's business. The guidance, which does not constitute a rule or requirement for companies to disclose, is meant to help registrants in 'assessing what, if any, disclosures should be provided about cybersecurity matters.'"
Does this include banks? (Score:5, Insightful)
If banks can write off fraud as an undisclosed loss without disclosing the truth I don't see why Sony can't do the same.