Insights from the Experts: Legal, Compliance, and Security Perspectives on SEC Regulations

This document reviews the SEC’s 2023 cybersecurity disclosure rules for U.S. public companies, highlighting requirements to rapidly assess and disclose material incidents and to annually describe cyber risk management and governance. It underscores growing third-party and supply chain exposure (e.g., SolarWinds, Log4j, MOVEit), recommends leveraging the NIST FIPS 199 framework to structure materiality assessments, and shares expert guidance on documentation, gap analysis, incident preparedness, and collaboration between public and private entities to meet regulatory and due diligence expectations.