"Currently, many public companies provide cybersecurity disclosure to investors. I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way. Through helping to ensure that companies disclose material cybersecurity information, today's rules will benefit investors, companies, and the markets connecting them."
Cybersecurity incidents have been reported inconsistently. Cybersecurity incidents are also likely underreported. Economic activity is increasingly dependent on electronic systems that are susceptible to cyber risk. The frequency and financial impacts of cyberattacks are on the rise.
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