.coinbase and other U.S. publicly traded crypto firms will soon have to comply with a new cybersecurity rule adopted by GaryGensler and SecGov which mandates firms to report “material” cyberattacks within four days to the regulator.
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.from the United States Securities and Exchange Commission require any public company to disclose a cyberattack within four days of it being deemed"material," except in cases where such disclosure is deemed a possible national security or public safety risk.
It will also require periodic reporting about a registrant's policies and procedures to identify and manage cybersecurity risks and give periodic updates about previously reported cybersecurity incidents.
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