August 30, 2012
In the Media
SEC Guidance on Cyber-Disclosure Becomes Rule for Google
By Linda Sandler
Bloomberg News
August 29, 2012
Excerpt:
Companies may have legitimate business reasons for disliking
such disclosures, said Michael Perino, a securities law professor
at St. John’s University in New York.
“If you’re constantly having to disclose actual or potential
cyber-attacks against the company, that gives information to
competitors, to everybody about the vulnerabilities of the
company,” Perino said. “There’s also the possibility for SEC action
and investor lawsuits.”