U.S. SEC Votes 3-2 To Adopt Cyber-Attack Reporting Rule; New SEC Rule Requires Disclosure Of Cyber Intrusions Within 4 Days Of Determining They Are Material To Investors
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) has voted 3-2 to adopt a new rule requiring the disclosure of cyber intrusions within 4 days of determining they are material to investors.
July 26, 2023 | 3:21 pm
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The new SEC rule on cyber intrusion reporting could impact all companies within the SPY ETF, as they are now required to disclose cyber intrusions within 4 days if they are material to investors.
The new SEC rule applies to all publicly traded companies, including those in the SPY ETF. While it doesn't directly affect the stock price, it could lead to increased transparency and potentially impact investor sentiment if a company within the ETF experiences a significant cyber intrusion.
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