SEC: Public companies must report cyberattacks within four days | Engadget

While GDPR rules are more about protecting the public, the SEC appears to be more focused on investors: “Currently, many public companies provide cybersecurity disclosure to investors," SEC Chair Gary Gensler said in a statement."I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way."

Technology companies have pushed against the SECs rules since they were initially announced last year, which ultimately led to the inclusion of a delay clause,. Additionally, the Information Technology Industry Council argued that the four-day deadline is too short, since companies may not know enough about the cyberattack by then.

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