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Reporting Data Breaches

Reporting Data Breaches
November 28, 2012 tfirestine

A story broke this week that Coca Cola’s systems were breached in 2009, the hackers stole information on a pending $2.4 billion acquisition of China Huiyuan Juice Group. The deal fell apartment three days later. Investors were not aware of the event until it leaked this week.

Last year the Securities and Exchange Commission issued guidance that any information about breaches that “a reasonable investor would consider important to an investment decision” should be disclosed. However, very few companies are disclosing and when they do it’s with little specifics.

Contact Calculated Risk Advisors to discuss changing regulations and the costs associated with complying.