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SEC May Require More Cyber Risk Disclosures Under Senate Bill

The U.S. Securities and Exchange Commission would consider stronger guidelines for company disclosures about the risks of computer attacks, under a cybersecurity bill being debated in the Senate.

The U.S. Chamber of Commerce, the nation’s largest business lobby, criticized the provision in a letter to senators yesterday, saying it’s designed to force companies to tell the public about breaches of their computer networks.