The Securities and Exchange Commission (SEC) is kicking the tires on new cybersecurity and data privacy disclosure requirements for investment companies, investment advisers, broker-dealers, and public companies.

In a speech delivered Monday at the Northwestern Pritzker School of Lawโ€™s annual Securities Regulation Institute conference, SEC Chair Gary Gensler laid out potential rule changes he said would strengthen existing cybersecurity hygiene and incident reporting disclosures for financial sector participants; enhance disclosures made to clients and customers regarding data breaches; and enhance existing cyber risk disclosure requirements for public companies, with a goal of increasing the transparency of their cybersecurity practices.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...