Citation[]
Securities and Exchange Commission, Division of Corporation Finance, CF Disclosure Guidance: Topic No. 2 (Cybersecurity) (Oct. 13, 2011) (full-text).
Overview[]
This guidance provides the Division of Corporation Finance's views regarding disclosure obligations relating to cybersecurity risks and cyber incidents. Federal securities law requires that publicly traded companies report "material" risk — something that was not clearly defined or followed for cybersecurity risks before this document was released.