The term ‘materiality’ has been a cornerstone in financial risk management for years. Its recent introduction into the cybersecurity landscape by the Securities and Exchange Commission (SEC), however, has created a paradigm shift.
It is no secret that cybersecurity is not just an IT concern; it’s a business imperative. The Securities and Exchange Commission (SEC) has recognized this and recently rolled out a new requirement titled “Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure.”
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