Josh Swissman Quoted on Las Vegas Review Journal
SEC rule ‘changes the game,’ could shed light on MGM cybersecurity issues
A recently implemented rule from the Securities and Exchange Commission could soon provide insight into MGM Resorts International’s cybersecurity incident that is causing problems at its properties nationwide.
The SEC now requires publicly traded companies to disclose a cybersecurity incident that they determine “to be material” — meaning a shareholder would consider it important in making an investment decision — in a special filing, according to a rule adopted on July 26. The rule became effective Sept. 5 and most companies must comply with the disclosure requirements on Dec. 18.
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