Many publicly traded companies are leaving investors in the dark on important cybersecurity risks, a new report suggests. That includes vulnerabilities like the ones that allowed Russian hackers to exploit SolarWinds and other firms to infiltrate nine federal agencies and at least 100 companies.
The study’s authors found that many publicly traded companies fail to provide investors with some of the most basic information required by the Securities and Exchange Commission. Instead, many companies rely on boilerplate legal statements like “[c]yber-attacks could have a disruptive effect on our business,” an analysis of annual and quarterly reports for publicly traded organizations showed.
‘Enforcement 40’ for 2020
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