What: RH ISAC reviews new SEC cybersecurity rules regarding disclosure of cybersecurity incidents to enhance protocols and establish new processes.

Why it is important: This report discusses the significance of adhering to the new SEC standards, which is critical because non-compliance risks both legal and reputational implications. Organizations must swiftly identify material incidents to avoid unreasonable reporting delays.

To ensure compliance, RH-ISAC developed this report for retail and hospitality organizations outlining the proactive steps to be taken including enhancing incident response protocols, establishing transparent materiality determination processes, streamlining communication through standardized templates, providing necessary training, and collaborating with legal and technical experts. These measures are essential for not only achieving compliance but also mitigating the legal and reputational risks associated with cybersecurity incidents.

How Organizations Can Prepare to Comply with New SEC Cybersecurity Reporting Rules