“ The definition is somewhat vague , but according to TSC Industries , Inc . v . Northway , Inc ., an incident is material if ‘ there is a substantial likelihood that a reasonable shareholder would consider it important in making an investment decision ’,” says Vishal Gauri , the Chief Strategy Officer at Seclore , a data-centric security company that protects and controls digital assets to help enterprises prevent data theft and achieve compliance .

The SEC regulation incited quite a bit of buzz across the security industry when it was announced .

“ There ’ s certainly value in this new rule , namely that it will help standardise cybersecurity risk reporting and provide more transparency for investors and stakeholders who ought to know about significant security-related events of public companies ,” says Gauri . “ But it ’ s not without its complications . For one , there ’ s a grey area when it comes to what exactly qualifies as a material incident . In addition , the four-day time frame is very narrow .”

Here , he tells us more about recent cybersecurity acts and the future of chip manufacturing .

Cybersecurity wake-up call for manufacturers “ I ’ ve worked at several tech companies over the past 20 years ,” says Gauri .

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