The Financial Stability Board recommends greater convergence in cyber incident reporting, including a common format for incident reporting exchange, or FIRE. We urge a digital-first approach using XBRL to ensure comparability and effective analysis.
XBRL US has sent a comment letter to the Securities and Exchange Commission (SEC) in response to its proposal on cybersecurity risk management, strategy, governance, and incident disclosure for public companies.
We were interested to note that the US Securities and Exchange Commission (SEC) has “nearly doubled” the size of its Crypto Assets and Cyber Unit (formerly simply the Cyber Unit), part of its Division of Enforcement.
The US Securities and Exchange Commission (SEC) has proposed significant new rules on cybersecurity risk management, strategy, governance, and incident reporting by public companies.
Two recent proposals from the Securities and Exchange Commission (SEC) include structured reporting elements, as the regulator continues to expand its implementation of Inline XBRL and makes it increasingly de rigueur for new disclosure rules.
We were interested to note a recent report from the Financial Stability Board (FSB) examining current approaches to cyber-incident reporting and suggesting next steps for broader convergence.
In more news from the US Securities and Exchange Commission (SEC), on 3 February the Commission posted a new rule on electronic submissions to its EDGAR system in the Federal Register.
Co-operation between regulators on minimising cyber risk has ramped up recently as the EU’s Cyber Resilience Board has launched a pan-European initiative to share cyber information. Last week, at their fourth meeting, the Board launched the Cyber Information and Intelligence Sharing Initiative (CIISI-EU). This is the first time pan-European agencies have come together to co-operate […]
The International Organization of Securities Commissions (IOSCO) has published a report compiling information from member jurisdictions regarding their frameworks for cyber-regulation. The report is intended to serve as a resource for financial market regulators and firms, to raise awareness of existing international cyber guidance and to encourage adoption of good practice across the IOSCO community. […]
Interesting remarks on the role that standardisation, regulation, and information have to play in the global battle against cyber threats this week at the G7 2019 Conference, Cybersecurity: Coordinating efforts to protect the financial sector in the global economy. The need for cooperation and coordination to tackle this global threat was made clear: cybersecurity threats […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
