Senators Call for Public Company Breach Disclosures

Fueled by the recent Sony PlayStation Network fiasco, Senators are pushing for mandatory disclosure of all data security breaches for publically held companies. The Senators also are requesting the SEC to disclose findings on all related associated thefts of intellectual property or trade secrets.

The SEC should "clarify corporate disclosure requirements for cybersecurity breaches so that the American public can learn more about when hackers make efforts to penetrate companies' computer systems."

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