Cybersecurity bill that would require companies to disclose whether the board includes a cybersecurity expert has been reintroduced

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A group of Democratic and Republican senators have introduced the Cybersecurity Disclosure Act of 2019, which would require companies to disclose whether any of their directors are cybersecurity experts. Rhode Island Senator Jack Reed, who is sponsoring the bill, stated that “Investors and customers deserve a clear understanding of whether publicly traded companies are prioritizing cybersecurity and have the capacity to protect investors and customers from cyber related attacks.” Reed had already introduced a similar bill during the previous Congress. The bill, however, was never enacted.

Meri Talk, March 4th 2019