2024 Cybersecurity Disclosure (CYD) Taxonomy
Understanding the 2024 Cybersecurity Disclosure (CYD) Taxonomy To enhance transparency regarding cybersecurity incidents, the SEC has finalized a cybersecurity disclosure taxonomy. While less stringent than initially proposed, the rule imposes new responsibilities on public companies to evaluate and report cybersecurity risks. Compliance now extends beyond IT, requiring collaboration among SEC reporting, audit, risk management, and […]