Odaily Planet Daily News The new regulations adopted by the US Securities and Exchange Commission require that all companies listed in the United States will be required to disclose any major cybersecurity incidents within four days, unless such disclosures are considered to be possible national security or public safety risks.
The rules were adopted on July 26 and will take effect 30 days after publication in the Federal Register, the SEC said.
It will also require regular reporting of registrant policies and procedures for identifying and managing cybersecurity risks, as well as regular updates on previously reported cybersecurity incidents.
The new rules will apply to any public company in the United States. In the crypto industry, publicly listed crypto companies include Coinbase, Marathon Digital, Riot Blockchain, and Hive Digital Technologies.
The increase in digital payments and digital operations of the workforce, combined with criminals’ ability to profit from cybersecurity incidents, make the new rules necessary to protect investors, the SEC explained. (Cointelegraph)