Law360 covers the SEC’s new cybersecurity rule and draws parallels to the Sarbanes-Oxley Act (SOX) in its emphasis on transparency and accountability. Enacted in 2002, SOX responded to corporate scandals by setting new standards for financial reporting and corporate governance. Similarly, the SEC’s 2023 cybersecurity rules require companies to disclose material cybersecurity incidents, outline risk management strategies, and ensure board oversight.
