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SEC’s New 4-Day Breach Disclosure Rule Intensifies Ransomware Threat Concerns

The evolving landscape of cybersecurity threats has prompted regulatory bodies to take action in safeguarding investors against the potential ramifications of data breaches. The Securities and Exchange Commission (SEC) has responded by introducing new disclosure requirements, underlining the importance of broader transparency in addressing cyber risks. With the effective date of the new disclosure requirements approaching in mid-December, companies have a limited window to confirm their compliance readiness. While these requirements may appear manageable at first, they should raise significant concerns when dealing with a ransomware attack.

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