Opponents argue the SEC mandate to disclose cybersecurity incidents within four days could force firms to reveal sensitive information and publicize vulnerabilities, potentially attracting more hackers.
Rep. Garbarino highlighted concerns that disclosing cybersecurity details may jeopardize companies' security measures by revealing program details, testing frequency, third-party system nature, and remediation specifics.
The White House supports the cybersecurity disclosure directive, but Rep. Garbarino aims to challenge it, based on private sector feedback, potentially prompting the executive branch to reconsider.
Some major companies like Microsoft and Hewlett Packard have complied with the SEC rule, revealing cyberattacks in official filings, demonstrating the impact of the disclosure requirements on well-known entities.
#sec-rule #cybersecurity-incident-disclosure #confidentiality #vulnerability-disclosure #house-financial-services-committee
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