Business
SEC adopts rule requiring companies to disclose cyber incidents on July 28, 2023 at 5:53 pm Business News | The Hill
The Securities and Exchange Commission (SEC) adopted a rule this week that will require publicly traded companies to report significant cyber incidents that are “material” to investors.
Companies will have four business days to report to the agency from the time they determine that the incident was material.
“Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors,” SEC Chair Gary Gensler said in a statement.
“Currently, many public companies provide cybersecurity disclosure to investors. I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way,” he added.
Under the new rule, companies will have to disclose the incident’s nature, scope, timing and impact.
Companies will also have to explain the processes they have in place to assess, identify and manage risks from cyber threats.
Reed Loden, vice president of security at Teleport, said that the ruling is long overdue and something the industry has been needing for awhile.
“I’m hopeful that this ruling will act as a catalyst for all organizations to remain open and transparent about their incidents and share as much information as possible,” Loden said.
“Sharing information means other organizations can learn from other’s mistakes to better address their own issues,” he added.
Loden also said that while the ruling is a good place to start, it does leave some unanswered questions about what would be considered as “material” from a company’s perspective, as it could leave it up to its discretion to decide, creating some leeway.
“I suspect we’ll find some organizations may be less willing to disclose things, so it’ll be interesting to watch how forceful the SEC will be with this if it’s later revealed that certain companies failed to disclose a serious security incident,” he said.
He added that many companies could see this new ruling as another “regulatory overhead” that they now have to comply with and that could maybe “cause them bad press, as it basically forces them to publicly announce when they have a major security incident. But for investors and consumers, it will help them understand how companies are handling security internally.”
Brandon Pugh, policy director of the cybersecurity and emerging threats team at the R Street Institute, said he’s seen mixed reaction from companies about the recent rule.
“Some say this is similar to information they voluntarily provide now in the name of transparency while others say this might reveal sensitive security-related information,” Pugh said.
“This new rule does impose new requirements on companies, so there will be added costs to comply and potential liability if they do not,” he added.
The new rule will take effect 30 days after it’s published in the Federal Register, the agency said.
The SEC is the latest agency to adopt such a rule.
Last year, Congress passed a legislation that would require companies in critical sectors to report substantial cyberattacks within 72 hours and ransomware payments within 24 hours to the Cybersecurity and Infrastructure Security Agency.
The legislation was passed amid heightened security concerns from U.S. government agencies urging companies in critical sectors to strengthen their cyber defenses against Russian cyberattacks.
Cybersecurity, Business, CISA, cyber incidents, Gary Gensler, investors, SEC The Securities and Exchange Commission (SEC) adopted a rule this week that will require publicly traded companies to report significant cyber incidents that are “material” to investors. Companies will have four business days to report to the agency from the time they determine that the incident was material. “Whether a company loses a factory in…
As a film industry professional, you’re likely no stranger to the hard work and dedication required to bring a project to life. However, you may not be aware of the crucial role film festivals play in advancing your career and the industry as a whole. Let’s revisit the importance of film festivals and how they can benefit you and your work:
Houston Comed Film Festival Feb 2024
Film festivals provide a platform for your work to be seen by a wider audience, including critics, distributors, and industry leaders. This exposure can lead to recognition, awards, and critical acclaim, which can boost your reputation and open doors to new opportunities.
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From the Film Festival Circuit Founder, Mikal Fair:
“Explore the ‘Film Festival Submitter’s Handbook 2024,’ your ultimate guide to conquering the film festival circuit. Whether you’re a filmmaker or screenwriter, this essential resource provides practical strategies to navigate the competitive landscape of film festivals successfully. From crafting compelling titles, taglines, and synopses to creating impactful director’s and writer’s statements, this handbook equips you with the tools to shine in the festival circuit. Learn to develop effective marketing materials, including posters and trailers, and discover the importance of communication and presenting a professional package. With insights tailored to the evolving role of social media and marketing in the film industry, this handbook is your key to festival triumph. Get your copy now and embark on your journey to festival success!”
Author: Bolanle Media Staff
Located in: EADO Workspaces
The Houston Comedy Film Festival is set to return on October 5th, 2024, and it promises to be an exciting day filled with laughter, learning, and networking opportunities for comedy enthusiasts and aspiring filmmakers alike. This year, the festival welcomes Roselyn Omaka as the new festival director, bringing her expertise and innovative vision to the event.
Attendees can look forward to engaging sessions led by industry professionals. Joan Montreuil from The Newbie Film Academy will provide invaluable insights into financing films and raising capital, helping aspiring filmmakers navigate the often complex world of film funding. Meanwhile, Deloris from DD’s Showbiz will host an interactive acting workshop designed to enhance participants’ skills and confidence in front of the camera.
Although LemarKus Tinker from Friday Night Lights won’t be attending in person, he will offer an exciting virtual one-on-one guidance session for aspiring directors. This unique opportunity allows participants to connect directly with him from the comfort of their homes, gaining personalized advice and insights that can help shape their directorial vision. Imagine having a chance to ask questions and receive feedback from a seasoned professional in the industry—this virtual interaction is sure to be a highlight!
In addition to these educational opportunities, festival winners will have the chance to receive valuable resources from sponsors to further improve their films and business outcomes. This support could be the stepping stone that many emerging talents need to make their mark in the competitive world of filmmaking.
The festival kicks off at 12 PM sharp, so attendees are encouraged to arrive 10 minutes early to ensure they don’t miss any of the action. It’s important to note that everyone must purchase a ticket to attend this fantastic event. Tickets are available for $50, which grants full access to all festival activities. Attendees can purchase their tickets through different platforms: filmmakers (not screenwriters) are encouraged to buy their tickets on filmfestivalcircuit.com, while guests and screenwriters should secure their tickets via meetup.com/bolanlemedia. Tickets can also be purchased at the door on the day of the event.
The Houston Comedy Film Festival has been a cornerstone of the independent film community since its inception in 2008 by author and retired filmmaker Mikel Fair. Over the years, it has consistently ranked in the FilmFreeway Top 100, cementing its status as a must-attend event for comedy filmmakers and fans.
Houston Comedy Film Festival Feb 2024
With Roselyn Omaka’s leadership, the star-studded lineup of industry professionals, and the diverse array of films and activities planned, the 2024 Houston Comedy Film Festival is shaping up to be an unmissable experience. Whether you’re an aspiring filmmaker, a comedy enthusiast, or simply looking for a day filled with laughter and learning, this festival has something for everyone.
Houston Comedy Film Festival Feb 2024
Don’t miss out on this fantastic opportunity to immerse yourself in the world of comedy filmmaking. Grab your tickets now and be part of the Houston Comedy Film Festival experience! Join us on October 5th at the Coronation Theatre in Houston for a day of creativity, laughter, and cinematic celebration! Your next big break could be waiting for you!
Author: Bolanle Media Staff
Veteran actor Khalil Kain, known for his roles in “Juice” and “Girlfriends,” has joined the cast of the upcoming psychological thriller “She Wants My Life.” Kain takes on the role of Marcus, the successful husband of protagonist Niesha.
Actor Khalil Kain and Director Shannon Washington on set of ‘She Wants My Life’
In this tense drama, Kain’s character Marcus is a key figure in the seemingly perfect suburban life that becomes the target of a dangerous obsession. As a successful man with a beautiful family and luxurious home, Marcus represents the ideal that the antagonist Veronica desperately wants to claim for herself.
However, Kain’s role is more complex than just being the object of desire. Marcus is described as having a strained relationship with his wife Niesha, hinting at deeper issues beneath the surface of their picture-perfect life. This tension in their marriage becomes a vulnerability that Veronica exploits as she infiltrates their household.
Behind the scenes of ‘She Wants My Life’
As the story unfolds, Kain’s portrayal of Marcus will likely explore the character’s reactions to the growing chaos in his home life. His performance will be crucial in depicting how Marcus navigates the increasing isolation of his wife, the manipulation of his children, and the encroachment of Veronica into every aspect of his family’s existence.
Kain’s extensive experience in both film and television makes him well-suited to handle the nuanced role of Marcus. His ability to portray complex characters will be essential in bringing depth to a character caught between his deteriorating marriage and the machinations of an obsessed outsider.“She Wants My Life” promises to be a gripping psychological thriller, with Khalil Kain’s Marcus at the center of a story about envy, deception, and the fight to protect one’s family from a dangerous intruder.
With “She Wants My Life” soon to hit screens, Khalil Kain’s nuanced portrayal of Marcus will undoubtedly spark intense discussions. For the latest news, exclusive interviews, and behind-the-scenes peeks, keep following us. As the release date approaches, get ready to immerse yourself in this gripping tale of obsession and betrayal.
Author: Bolanle Media Staff
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