Cyberattacks in Public Companies
“Cyberattacks in Public Companies” Please respond to the following:
- From the e-Activity, analyze the effects of the SEC‘s data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks. Provide support for your rationale.
- Examine the impact of cyberattacks on potential investors in a public company. As an auditor, provide your recommendations for including the potential of a cyberattack in the 10-K, as opposed to an actual attack. Provide support for your recommendation.
WEEK 6 EACTIVITY
- Research the Internet for a recent story (within the last five years) involving a data breach by a publicly traded company. Research the current disclosure requirements of the Securities and Exchange Commission (SEC) involving data breaches by public companies. Be prepared to discuss.
Each and every business has private data relating to business. Under this private class, the client base is likewise some portion of it. In such manner, while meeting the SEC divulgence, it is exceptionally hard to share the data that are extremely touchy in nature. We regularly run over with numerous grievances from the organizations that, their information has been burglary as a consequence of which, the organization needs to lose heaps of dealings furthermore losing numerous potential open doors. As a danger of the Cyberattacks, each organization is reluctant of meeting this SEC exposure. Thus it might be get a change..