Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. It was recently reported that customers of Chipotle Mexican Grill Inc. [CMG] were targeted by a cyber attack … Continue reading
Category Archives: Cybersecurity
Trends in Cybersecurity Breach Disclosures
In our latest report, Trends in Cybersecurity Breach Disclosures, we delve into the trends and statistics of public company cybersecurity and cyber disclosure. Over the past ten years, cybersecurity has become a greater threat for public companies, as both business and commerce have become … Continue reading
SEC Registrants with Poor Cyber Controls
On October 16, 2018, the SEC’s Division of Enforcement issued an investigative report regarding cyber-related fraud’s effect on public company internal controls. The report reviewed nine cases in which public companies’ electronic communications were used to perpetrate fraudulent payments. All … Continue reading
Do Companies With Data Breaches Belong in ESG Portfolios?
Socially responsible investment funds have become popular with investors over the past several years as buyers seek to align their beliefs with their portfolios. According to a report from Morningstar, sustainable funds averaged $924 million per month in net flows … Continue reading
Cybersecurity Breaches Every Lawyer Should Consider
In 2018, the SEC issued new guidance on cybersecurity disclosures and policies, in response to the 65% of companies that were not disclosing breaches. What does this mean for lawyers and the legal field? Through Audit Analytics’ unique Cybersecurity Data … Continue reading
Cybersecurity Data Every Accountant Should Have
The SEC recently issued new guidance on cybersecurity disclosure and policies, and it is no wonder. According to an updated Audit Analytics analysis, nearly 65% of affected public companies did not report a cybersecurity breach to the SEC. As policies change, … Continue reading
Nearly 65% of Affected Public Companies Did Not Report Cybersecurity Breaches to the SEC
Over 90% of the Russell 3000 companies see cybersecurity as a significant risk and provide the cyber risk disclosure in the Risk Factors section. This should come as no surprise – the number of cyber breaches for companies registered with … Continue reading