sec cyber rule

Publicly traded companies are now required to disclose “material” cybersecurity incidents to the U.S. Securities and Exchange Commission, after the new agency rule went into effect Monday. While the SEC’s rule is aimed at providing investors with information on potential risks to replace the inconsistent disclosures of major incidents, the controversial rulemaking has garnered criticism from industry, Republican lawmakers and some cybersecurity experts. The implementation of the rule comes at a time when there are…