Tag: securities exchange commission
US Congress tries to block new cyber rulings
New cybersecurity rulings due to come into full force less than a month from today are being blocked in the US Congress and the House of Representatives. The new rulings include the mandatory reporting of any ‘material’ cyber-attack within four working days and were drawn up by the Securities and Exchange Commission (SEC). But, according to a statement issued by Congressman Andrew Barbarino, Chairman of Homeland Security’s Cybersecurity and Infrastructure Protection Subcommittee, and Senator Thom Tillis: “This cybersecurity disclosure rule is a complete overreach on the part of the SEC … also increasing cybersecurity risk without a congressional mandate and in direct contradiction to public law that is intended to secure the homeland.”
MedTech Company Hit by Cyber Attack – November 21st
LivaNova reported a cyber attack to the SEC, resulting in disruption of the company’s operations. The MedTech company is now in the process of executing its incident response plan and placed some of its systems offline to minimize the damages of the attack.