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SEC mandates public companies disclose cyber incidents | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware | #hacking | #aihp

What you need to know

  • Cybersecurity breaches seem to only be more commonplace with the recent high-profile MGM, Ardent Hospital, Xfinity, and Insomniac breaches.
  • Cybercriminals have an incentive to keep attacking these companies, companies need more incentive to improve protection rather than plan for recovery of a breach.
  • New SEC rules went into effect on Dec. 15th forcing any public company to disclose a cyber incident within four days.
  • Other government regulations are also forcing companies to meet a base standard for cybersecurity compliance in the hopes of protecting our country and allies. 

It seems a week can’t go by without hearing about a high-profile massive cybersecurity breach. The talk of the town in the gaming world right now is the recent ransomware breach of Insomniac by the Rhysida ransomware group. However, some bigger breaches that have taken place in the last 30 days would be the Ardent Hospital breach that impacted 30 hospitals in 4 states. Xfinity confirmed a breach in the last week disclosing that 36 million customers’ information was impacted/stolen. 

Something needs to change, and recently even Satya Nadella, CEO of Microsoft, called for more cybersecurity regulation. Let’s take a look at some of the recent changes to cybersecurity regulation in the U.S. and if they can help protect companies from cyber attacks. 

Why is the U.S. government imposing more regulations for cybersecurity?

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