SEC Cybersecurity Rules: What’s Your Regulatory Risk?

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Now Available On Demand
Originally broadcasted: March 28, 2024

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Summary

If cybersecurity wasn’t already a big enough threat, here come the regulators. New Securities and Exchange Commission rules mandate timely reporting of material cyber incidents. What exactly does that mean? Who determines if a breach is annoying or material to operations?

Prevention is still your No. 1 goal in the security space, especially with malicious actors targeting systems that could harm your workers and your ability to produce. But how you prepare for an attack and respond to an incident will be critical in the future, and the SEC will be judging how your company performs. Preparedness may look different from OT systems than IT ones, but all connected systems will need policies and procedures in place to prepare for worst-case scenarios.

In this webinar, experts from security specialists Dragos and law firm Pillsbury Winthrop Shaw Pittman LLP explore the unique challenges Chief Information Security Officers (CISOs), Chief Risk Officers and cybersecurity executives face to secure critical networks and assets from cyber attacks.

Topics Include:

• Evolution of the Threat Landscape: Understanding the changing landscape of cyber threats and its implications for both IT and OT environments.
• Overview of Requirements: Providing an overview of the SEC requirements and emphasizing why operations teams in industrial companies should pay attention, stressing that it's not limited to IT cybersecurity.
• SEC Rule Implications: Exploring the significant implications of the SEC rule for cybersecurity incident response teams in various environments.
• Broad Impact of SEC Requirements: Highlighting the importance of the SEC’s requirements, even for companies currently outside the SEC's jurisdiction, as they set a precedent for future regulations affecting supply chains, insurance, and credit ratings.
• Materiality in OT: Understanding the concept of materiality and its impact on OT, including safety, environmental concerns, and business continuity.
• Collaborative Approaches: Tips for collaborating with IT, Legal, Compliance, and others to comprehensively address cybersecurity risks in both IT and OT environments.
• Pitfalls and Cautionary Points: Identifying potential pitfalls and essential considerations in cybersecurity efforts.