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Wednesday, October 29, 2014

The Wall Street Journal: U.S. Chamber warns cyberattack disclosures could hurt corporate profits

The U.S. Chamber of Commerce is trying to head off efforts to force publicly traded firms to share more information about cyberattacks, warning policy makers that such disclosures could unduly harm corporate profits. In a letter to the Securities and Exchange Commission-which has been debating whether to ratchet up disclosure requirements-the Chamber said the agency could "paint a target" on the backs of companies if they are forced to reveal information about specific breaches.

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