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Taking a Closer Look at the New SEC Cybersecurity Proposed Rule Changes and its Potential Impact on Companies
May 6, 2022
On this episode of the Risk & Accounting Advisory podcast, our guests cover the latest on the proposed rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and cybersecurity incident reporting by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934.
We begin discussing the everchanging threat landscape and its impact on the SEC’s proposed rule change, which was released on March 9, 2022. Our Cybersecurity and SEC compliance professionals also covered the background and history on the proposed rule change as it relates to SOX Compliance, and what exactly the proposed amendment means, and how proposed regulations may impact Management and a Company’s Board.
Finally, the podcast covers the important items of how to get ready or be ready with regards to compliance, with a well-designed cyber assessment and generally, what this proposed rule means for companies preparing for SOX compliance or for those companies that have complied for years.