The SEC’s New Take on Cybersecurity Risk Management
May 28, 2024 at 11:02AM Generative AI presents new risks, prompting the SEC to introduce cybersecurity rules for publicly traded companies. Clorox incurred $49M in costs due to a cyberattack, with ongoing financial impacts. Prudential Financial voluntarily disclosed a breach, and UnitedHealth faced a massive attack that could cost up to $1.6B. Lessons emphasize visibility, … Read more