Public companies, really? They only managed to gather political will to impose that with securities in mind?
Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
Technically, the clock doesn't start ticking on the four-day window for reporting until companies have determined a breach is material.
It's not all breaches. In fact, because this is the SEC, it's about financial impact, not privacy or security.
It's a good start, but I worry that a financial impact based approach creates the wrong incentive.
4 days!? That's awfully fucking generous. I would have made the requirement at 24 hours because fuck corporations.
Eh I disagree. You have to give companies time to patch their shit. If they disclose hours or days before they have time to patch that can lead to another breach assuming the vulnerability is shared.
But yes fuck Corporations.
4 days earth time?