SEC Considers Rule Requiring Firms to Report Cyber Attacks Within Four Days

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WASHINGTON—Federal regulators are contemplating a requirement that publicly traded firms disclose information breaches and different important cybersecurity incidents inside 4 days, as they search to strengthen financial markets’ resilience to on-line assaults.

The Securities and Exchange Commission is ready to suggest a rule that might impose necessary reporting for firms round cybersecurity. The company’s 4 commissioners—three Democrats and one Republican—will vote on the proposal in a public assembly Wednesday. If the proposal is authorized, it could possibly be finalized after the company receives and analyzes suggestions from the general public.

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