One of the biggest apparel companies in the world reported a “material” cyberattack to the U.S. Securities and Exchange Commission (SEC) on the first day that a new cyber incident reporting rule went into effect. VF Corporation said it detected unauthorized activity on a portion of its information technology systems on December 13 and was […]
The Securities and Exchange Commission introduced new requirements for disclosing material cybersecurity incidents on Sept. 5, placing pressure on organizations to adopt robust reporting mechanisms. The C-suite impact is clear: company leadership must be able to quickly determine whether an incident is material to business operations. A four-business-day clock at that point starts ticking, a […]