Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches.
The Justice Department is planning to issue guidance by December on how firms can get exemptions from the new SEC regulations, according to an agency official, who asked not to be identified discussing internal deliberations. Companies will only rarely be able to delay making an incident public due to national security and public safety concerns, the person said.
The US Chamber of Commerce had been seeking a 12-month delay to the rules and other changes to the ...
