Many Company Hacks Go Undisclosed to SEC Despite Regulator Efforts

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The majority of cyberattacks on companies aren’t disclosed to the SEC despite the regulator’s efforts to boost such reporting

About 90% of known cyber incidents at public companies went undisclosed in regulatory filings in 2018, according to an analysis by the office of Securities and Exchange Commission

member Robert Jackson, a Democrat. That’s down from 97% in 2017, before the SEC put out guidance that spelled out how public companies should disclose hacks that could be damaging...

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 /  🏆 98. in JP
 

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It's almost like companies aren't honest with their investors, how shocking.

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