As insurers begin to digest the information released this week by the Financial Stability Oversight Council of the U.S. Treasury Dept. qualifying and clarifying systemic risk, the Securities and Exchange Commission issued guidelines on Thursday that laid out the kind of information companies should disclose regarding cyber events that could lead to financial losses.
The SEC’s move to issue guidelines came from direction from Sen. John Rockefeller (D.-W.Va.) amid concern that investors had difficulty assessing security risks if companies did not disclose such information in their public filings.
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