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The SEC has decided that cybersecurity and related issues are now a material risk that public companies must disclose. As a result, in July of this year, the agency released a new rule on the issue.
There are few federal cybersecurity regulations and the ones that exist focus on specific industries. The three main cybersecurity regulations are the 1996 Health Insurance Portability and Accountability Act (HIPAA), the 1999 Gramm-Leach-Bliley Act, and the 2002 Homeland Security Act, which included the Federal Information Security Management Act (FISMA).
Information security standards (also cyber security standards [1]) are techniques generally outlined in published materials that attempt to protect a user's or organization's cyber environment. [2] This environment includes users themselves, networks, devices, all software, processes, information in storage or transit, applications, services ...
Security as a service : These security services often include authentication, anti-virus, anti-malware/spyware, intrusion detection, penetration testing and security event management, among others. In practice many products in this area will have a mix of these functions, so there will often be some overlap – and many commercial vendors also ...
SEC and Cypersecurity Risk. On July 26, 2023, the SEC adopted the Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rule which was designed to encourage public companies to transparently and effectively manage cybersecurity risk.
The Federal Information Security Management Act of 2002 (FISMA, 44 U.S.C. § 3541, et seq.) is a United States federal law enacted in 2002 as Title III of the E-Government Act of 2002 (Pub. L. 107–347 (text), 116 Stat. 2899).
SEC Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure [31] As legislation evolves, there has been increased focus to require 'reasonable security' for information management. CCPA states that "manufacturers of connected devices to equip the device with reasonable security."
Attestation guide, titled Reporting on an Entity’s Cybersecurity Risk Management Program and Controls, introduced in 2017, is intended to assist CPAs with reporting on system and organization controls for cybersecurity risk management. Trust Services Criteria: In 2017, as part of the Cybersecurity Risk Management Reporting Framework, the ...