The Last Watchdog: Wrist Slap or Cultural Shift? SEC Fines Cyber Firms for Disclosure Violations

On November 13, 2024, NetSPI CISO Joe Evangelisto was featured in The Last Watchdog article called LW ROUNDTABLE: Wrist Slap or Cultural Shift? SEC Fines Cyber Firms for Disclosure Violations. Read the preview below or view it online.

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The compliance variable has come into play in an impactful way. The U.S. Security and Exchange Commission (SEC) recently laid down the hammer charging and fining four prominent cybersecurity vendors for making misleading claims in connection with the SolarWinds hack.

NetSPI CISO Joe Evangelisto shares his perspective: “I expect these charges to ripple across boardrooms, forcing corporations to have more in-depth conversations on cybersecurity risks and controls. The big question for corporations is the level of transparency they are comfortable with.

Corporations should take steps today to adopt transparency as a core tenant. Implementing this core tenant as part of a cybersecurity program will in turn further mitigate cybersecurity risks, increase security controls, and allow for greater customer trust.”

You can read the article here.