The Definitive Guide to Mandated SEC 10-K Cybersecurity Disclosures
As of December 18, 2023, the Securities and Exchange Commission (SEC) has implemented new rules regarding cybersecurity disclosure requirements, impacting all public companies. This comprehensive guide explores the mandated SEC 10-K cybersecurity disclosures , delving into their implications for annual reporting, essential elements to include in the 2023 financial results, and the crucial steps to ensure accuracy and consistency in your company's disclosures. Covered Companies The SEC rules apply to all publicly traded companies with a class of equity securities listed on a U.S. stock exchange, including foreign companies listed on U.S. exchanges. Private companies, however, are exempt from SEC jurisdiction, as they are not required to file annual reports with the Commission. The Final SEC 10-K Cybersecurity Disclosures The purpose of the new SEC 10-K cyber disclosure rules is to inform shareholders about material information relevant to investment decisions, without divulging sen