The US Securities and Exchange Commission's New Rules for Disclosure of Cybersecurity Breach

The US Securities and Exchange Commission or SEC has some new rules that are bound to hit publicly traded companies hard. These rules state that if a company detects a cybersecurity breach that could affect the company's bottom line, it has four days to publicly disclose that breach. The only exceptions the SEC will consider to this four-day rule are cases where revealing the breach could impact national security or public safety.