Standards, Regulations & Compliance

'Materiality' and the Weaponization of SEC Reporting

Cybersecurity Leader Edna Conway on Recommended Reporting Requirements
Edna Conway, CEO, EMC Advisors LLC

As of Monday, Dec. 18, public companies must meet the SEC's material incident reporting requirements, although small stock market-listed companies can wait until June 15. Already, one ransomware threat actor has tried to report a victim for not reporting an attack. Veteran security leader Edna Conway opens up on how to approach materiality and the weaponization of reporting.

See Also: Forrester Report: The Total Economic Impact™ Of Dell PowerProtect Cyber Recovery

In this video interview with Information Security Media Group, Conway discussed:

  • What the SEC considers to be an incident;
  • The significance of the "reasonable investor" perspective;
  • How the SEC should handle criminals attempting to report noncompliance.

Conway provides board and advisory services to enterprises and governments globally on technology, security, risk management and supply chain resilience. She served as chief security and risk officer for Microsoft's cloud infrastructure. Prior to Microsoft, she was chief security officer of Cisco's Global Value Chain. She is recognized domestically by presidential commissions and globally by NATO, was appointed to the Executive Committee of the U.S. DHS Task Force on ICT Supply Chain Risk Management and serves on the DHS Critical Manufacturing Sector Coordinating Council Executive Committee.

About the Author

Tom Field

Tom Field

Senior Vice President, Editorial, ISMG

Field is responsible for all of ISMG's 28 global media properties and its team of journalists. He also helped to develop and lead ISMG's award-winning summit series that has brought together security practitioners and industry influencers from around the world, as well as ISMG's series of exclusive executive roundtables.

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