On October 22, 2024 the SEC announced a series of fines against four firms for making "materially misleading disclosures" regarding SolarWinds-related intrusions, highlighting the need for transparency.
The SEC's stance is clear: cybersecurity risk transparency is an essential component of a public corporation's fiduciary duty to investors, signaling a significant shift in corporate governance practices.
CISOs must now bridge gaps between cyber risk and financial impact, reflecting a pivotal transition where cybersecurity accountability becomes as critical as financial reporting in corporate governance.
As security leaders, CISOs are task-driven to take proactive steps in evaluating, managing, and transparently reporting cyber risks and their financial implications to stakeholders.
Collection
[
|
...
]