It’s not cyber, but the SEC issued The Boeing Company with an order to pay a civil penalty of £200million under section 308 of the Sarbanes Oxley

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It’s not cyber, but the SEC issued The Boeing Company with an order to pay a civil penalty of £200million under section 308 of the Sarbanes Oxley Act of 2002. By failing to exercise reasonable care in making statements to the public following two fatal accidents (the Lion Air Flight 610 and Ethiopian Airlines Flight 302) involving its new 737. Not providing all the facts necessary to make those statements to investors not misleading under the circumstances.

Now for the cyber. Under the SEC final cyber rule, one asks the question as covered SEC entities are required to make submissions on their material cyber risks and material cyber incidents.

What constitutes a mis-statement to the regulator?

Ted Dziekanowski Rachel V. Rose, JD, MBA Brian D. McCarthy Bob Dix

#cybersecurity #securitiesandexchangecommission #cyberriskregulation

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