November 23, 2024

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SEC adopts cyberattack disclosure rules, listed crypto firms included

1 min read
SEC adopts cyberattack disclosure rules, listed crypto firms included

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.

The 

Cryptocurrencies have been a prime target for North Korea state-backed Lazarus Group and other cybercriminals looking to pull off a high-value exploit. Lazarus Group has hacked cryptocurrency platforms well over $850 million across several high-profile exploits.

The cybersecurity rules were first proposed by the SEC in March 2022.

Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?