SEC Disclosures Up, But Not Enough Details Provided

The new SEC cybersecurity disclosure rules have led to a 60% increase in incident reports from public companies, but most reports lack detailed material impact information. Companies struggle to balance transparency with protecting operational details, with some opting for press releases or blog posts for additional details. The SEC’s enforcement actions against SolarWinds customers highlight the importance of timely and comprehensive disclosure, prompting companies to reevaluate their disclosure practices.