The U.S. Securities and Exchange Commission Wednesday issued new guidelines on cybersecurity disclosures for public companies, including suggestions for adjusting insider trading policies to account for investigations into cyberbreaches. The SEC reiterated that cyberrisks and incidents may fall under the scope of material nonpublic information, and corporate insiders could run afoul of the law by trading company securities while in possession of such information. The guidelines also encourage companies to adopt prophylactic...

Source: Wall Street Journal February 22, 2018 01:41 UTC