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In 2023, the Securities and Exchange Commission (SEC) implemented newcybersecuritydisclosure rules.
The introduction of the new SEC cybersecurity requirements represents a critical milestone in the continuous fight against cyber threats.
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Consequently, cybercrime remains one of the foremost risks confronting US-based companies.
Cyberattacks pose significant risks to businesses, primarily in terms of financial damage.
In 2024, cybercrime is projected to cost the United States alone more than $452 billion.
Additionally, the loss of sensitive data is a consequential outcome of cyberattacks.
Furthermore, data compromise incidents affected approximately 422 million individuals in the country in 2022, totaling 1,802 incidents.
The US is recognized among the countries with high data breach density.
According to the companys data, the demand forproxy servicessearches has jumped by 106,5% over the last year.
The reason behind this trend is proxies ability to imitate cybersecurity attacks.
Therefore, using this technology companies can test their defenses.
The growing interest in proxy servers is not limited to seeking enhanced security measures alone.
A cyberattack at any juncture within this chain could result in significant consequences.
This is why non-public entities are compelled to bolster their defenses too.
Major gap
As businesses ramp up their activities, significant gaps remain evident.
A staggering 81% of security leaders acknowledge the impact of the new rules on their businesses.
However, only 54% convey confidence in their organizations ability to comply effectively.
Surprisingly, merely 2% of security leaders have initiated the process of adhering to the new rules.
Additionally, 47% struggle with enhancing their disclosure processes, further complicating compliance efforts.
Here are several advices on how to prepare for complying with SEC cybersecurity rules:
1.
This approach reduces the overall volume of disclosures required.
We’ve listed the best web link monitoring tools.
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