that would require private companies to publicly report cyber incidents within four business days and detail companies' policies for responding., would also require an annual report on corporate boards' cybersecurity expertise. The SEC declined to comment on when the final rule is expected to be published.Boards have been grappling with a wave of ransomware attacks, data breaches, and additional cyber and privacy regulations in recent years.
Historically, boards have struggled to understand the threat landscape — prompting them to view security as an expendable cost and to use security officials asMore than three-fourths of board directors say their board has at least one cyber expert, according to aMany of the largest publicly traded companies now have a former CISO, chief technology officer or government official on their board to help fill in the gaps, Phil Venables, CISO at Google Cloud, tells Axios.
"Today, the best CISOs may not be the best hackers or the best technical people, but they're the best ones that can translate that technical language into the language of the board," Maley says.
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