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Commentary by Steven Lofchie

SEC Chair Gary Gensler asserted that the agency "takes its cybersecurity obligations seriously" and that Commission staff recognize that the recent hack of the SEC's "X" account by an unauthorized party raises "concerns about the security of the SEC's social media accounts."

Director of the SEC Division of Corporation Finance Erik Gerding highlighted the rationale and mechanics behind the SEC's new rules on disclosure of cybersecurity policies and related incidents.