SEC cyber rule could trigger more attacks, experts warn

Mandatory disclosure of cyber risks and attacks could help hackers

US Securities and Exchange Commission, Washington, DC
US Securities and Exchange Commission, Washington, DC

A new rule requiring US asset managers to disclose more information about cyber attacks could be a boon for hackers, critics of the proposal warn.

Investment firms must report any “significant cyber-security incidents” to the US Securities and Exchange Commission (SEC) within 48 hours and “promptly” inform clients of any breaches under a rule proposed by the regulator on February 9.

Cyber-security experts say these disclosures may expose compromised firms to further attacks when they are most

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