On July 26, 2023, the US Securities and Exchange Commission (SEC) released final rules requiring disclosure by public companies of material cybersecurity incidents and policies and.
This week the Guernsey Financial Services Commission (GFSC) published their anticipated Cyber Security Rules and Guidance that come into operation immediately, however firms have until August 2021 to ensure compliance. The rules are consistent with our firm belief that cyber and information security requires aligned controls across people, operations and technology that are owned and governed by the board
arthel: growing concerns among u.s. businesses over chinas revised cyber security rules which demand all foreign companies doing business in china to stope stop encrypting r data which would give beijing full access to intellectual property and raises privacy concerns. the white house says the concerns have been addressed in trade talks. phase one includes very solid chapter on intellectual property and a good start on this issue of forced technology transfer, in that the chinese are accepting the rule that the government of china must not force technology transfer. phase two would flesh that out. arthel: let s bring in gordon chang, foreign affairs journalist and author of the coming collapse of china. we ll get to the trade talks in a second, gordon. why would china want this and how does this change the game? this is a cyber security law with new rules going into effect on december 1 and the reason why they want it, arthel, is because
it should have been out there or should not have been out there. the cyber security rules. i mean, we re into this new information age. i mean, oh, it s okay if we release that. you know, liz winsted, comic said the other day, everybody is having a hard time picking their health care plan, why not just turn it over to the nsa. i thought that was pretty good. they can fill out the documents. they can fill out the whole thing right there. the thing is, again, i think it s important to be consistent here. there are times when we have cheered when people put out information that the government was illegitimately withholding from us. i think what s particularly disturbing in this case, and why pelosi acted, is because if some of this gets out there, it endangers the very thing issa is supposed to be trying to protect. it endangers national security. it could endanger the security of the website. so what you want to do is, you do not want that stuff leaked in a way that could hurt pe