For more than five hours this week, business leaders and attorneys discussed cyber-security issues at a roundtable held by the Securities and Exchange Commission. Most agreed that more had to be done. What that is, exactly, failed to find broad consensus.
“There is no doubt that the SEC must play a role in this area,” SEC Commissioner Louis Aguilar said. “What is less clear is what that role should be.” His proposed next step is the creation of a Cyber-Security Task Force, composed of representatives from each SEC division who will meet regularly to discuss evolving issues advise the Commission on its future demands and disclosure requirements.
