New SEC Rules Aim to Curb Investor Costs When Companies Are Hacked

Publicly traded companies would need to disclose cybersecurity breaches in 4 days

person trading stocks on their phone
(Image credit: Getty Images)

The Securities and Exchange Commission (SEC) has adopted new rules requiring public companies to disclose within four days material cybersecurity breaches that could affect investors.

In a statement announcing the decision, SEC Chair Gary Gensler acknowledged that many public companies already disclose cybersecurity events to investors.

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Kathryn Pomroy

For the past 18+ years, Kathryn has highlighted the humanity in personal finance by shaping stories that identify the opportunities and obstacles in managing a person's finances. All the same, she’ll jump on other equally important topics if needed. Kathryn graduated with a degree in Journalism and lives in Duluth, Minnesota. She joined Kiplinger in 2023 as a contributor.