April 25, 2024 at 10:04AM
The article covers the SEC’s SolarWinds’ indictments and proposes a remediation safe harbor for cybersecurity incidents. It discusses the discrepancy between SolarWinds’ public cybersecurity statements and internal knowledge of risks, highlighting the need for better cybersecurity disclosures. The author suggests CISOs should have more control over and involvement in company disclosures to improve cybersecurity transparency.
The meeting notes discuss the SEC’s indictment against SolarWinds and its chief information security officer, focusing on fraud, internal control failures, and misleading cybersecurity risk disclosures. It also raises the question of whether CISOs should be responsible for public disclosures and proposes a remediation safe harbor for cybersecurity incidents. The conclusion emphasizes the importance of cybersecurity professionals having more control over and involvement in the disclosure process, as well as advocating for a remediate-first mindset to improve cybersecurity disclosure.