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U.S. Senators Introduce SEC Cybersecurity Disclosure Legislation

U.S. Senators Jack Reed (D-RI) and Susan Collins (R-ME) have introduced the bipartisan Cybersecurity Disclosure Act of 2015 on Thursday, a bill that seeks to encourage the disclosure of cybersecurity expertise, or lack thereof, on corporate boards at publicly traded companies. Mike Lennon reporting in SecurityWeek: “The legislation asks each publicly traded company to disclose information to investors on whether any member of the company’s Board of Directors is a cybersecurity expert, and if not, why having this expertise on the Board of Directors is not necessary because of other cybersecurity steps taken by the publicly traded company.”

By CircleID Reporter

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