Host Gregg N. Sofer welcomes Husch Blackwell partner Erik Dullea to the podcast where we discuss risk management, strategy, governance, and incident disclosure in the context of the Security and Exchange Commission’s recently adopted cybersecurity rules. Adopted on a 3-to-2 party-line vote, the new rules introduce significant new compliance burdens for U.S. businesses, including the disclosure (on Form 8-K Item 1.05) of material cybersecurity incidents—describing their nature, scope, timing, and impact on the financial condition and See more +

Host Gregg N. Sofer welcomes Husch Blackwell partner Erik Dullea to the podcast where we discuss risk management, strategy, governance, and incident disclosure in the context of the Security and Exchange Commission’s recently adopted cybersecurity rules. Adopted on a 3-to-2 party-line vote, the new rules introduce significant new compliance burdens for U.S. businesses, including the disclosure (on Form 8-K Item 1.05) of material cybersecurity incidents—describing their nature, scope, timing, and impact on the financial condition and results of operations—to be filed within four business days of a materiality determination. There is also a new requirement to describe processes for assessing and managing material cybersecurity risks, board oversight, and management expertise in handling such risks.

We will explore the practical matter of how businesses can approach these regulations as well as larger issues pertaining to national security and critical infrastructure. See less -