U.S. Senators Introduce SEC Cybersecurity Disclosure Legislation

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U.S. Senators Introduce SEC Cybersecurity Disclosure Legislation

By CircleID Reporter
December 18, 2015, 4:50 pm PST Views: 6,570 Add Comment

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.”

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