Thanks for sharing Ted Dziekanowski, maybe we are seeing the green shoots of regulatory, market and shareholder reaction to cyberattacks As the

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Thanks for sharing Ted Dziekanowski, maybe we are seeing the green shoots of regulatory, market and shareholder reaction to cyberattacks As the effects of the 2023 cyber attack on Clorox demonstrates the effects of cyber on corporate performance.

The attack demonstrates the correlation between IT spend and security; the effects on sales and profits; the reaction of capital markets and the longer term effects on cash flow. As the company will be working through attack remediation in 2024. The attack will also likely highlight the regulatory, legal and compliance difficulties corporates face.

In ones opinion the knowledge and experience of the board, subcommittees and accountable executives in cybersecurity risk management, were factors that resulted in the events at Clorox. A factor that is being addressed through the SEC final rule.

Futher, a reasonable investor could consider the attack as having a material effect on the company and while the new SEC cyber rule was not in effect. Material risk management and reporting were.

Brian D. McCarthy Rich Waite, M.Ed. George Sawyer

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberattack #cyberinsurance

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