New SEC Rules Add Challenges in Uncertain Cyber Insurance Market

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With new SEC cybersecurity rules in effect, public companies face increased pressure to implement an enterprise-wide approach to risk assessment, loss mitigation, and incident reporting.

Cyber insurance is one part of a risk strategy. However, the impact of new SEC rules on the insurance market is uncertain, and market conditions suggest companies should begin reviewing their programs to prepare for new reporting requirements in annual reports for fiscal years ending on or after Dec. 15.

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