“SEC’s Corp Fin Staff Attacks Cyber-Security Disclosure”

I was interviewed and quoted as part of a Compliance Week article on the new SEC guidance on disclosures of cyber security incidents:

Colin Zick, a partner at law firm Foley Hoag, says the guidance is too general and that companies will have to think hard when assessing what information to disclose. “There are a lot of cyber-incidents, and there are lots of ways how these will affect your business,” he says. When companies are contemplating the definition of cyber-incidents, they should think expansively, he adds. “Think of data breach, data loss, and denial of service on your Websites when an attack occurs. The [SEC staff] wants you to do this risk assessment so you will understand what this is about,” he said.

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