http://www.sfgate.com/business/article/Hacked-companies-face-SEC-scrutiny-over-5596541.php
By Dave Michaels
SFGate.com
July 2, 2014
The Securities and Exchange Commission has opened investigations of a
number of companies, examining whether they properly handled and disclosed
a growing number of cyberattacks.
The investigations are focused on whether the companies adequately guarded
data and informed investors about the impact of breaches, according to two
people familiar with the matter who asked not to be named because the
probes aren't public.
Target Corp., the victim of a breach last year that allowed hackers to
access payment data for 40 million of its customers' debit and credit
cards, is one of the companies facing SEC scrutiny, according to company
filings.
The prospect of enforcement actions against companies that have been
victims of cyberattacks marks a new front in the agency's efforts to
combat the rising threat hackers pose to public companies, brokerages and
financial markets. Previously, the SEC had focused on guiding public
companies on how to disclose those risks and making sure financial
companies have adequate defenses against hackers.
[...]
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