More corporate victims of cyberattacks disclosed their hacks during the first year of new federal reporting requirements, according to a Paul Hastings analysis of breach disclosures.
The law firm’s study, examining 75 disclosures from 48 public companies between Dec. 18, 2023 and Oct. 31, revealed a 60% increase in cyber incident disclosures since the US Securities and Exchange Commission’s new reporting requirements went into effect in December 2023. Of those, 78% were made within 8 days of discovery, according to the report released Wednesday.
Only 30 incidents were reported in the same time period in 2023.
The findings offer insights ...
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