Business cyber security disclosure bill introduced in U.S. Senate

DUSTIN VOLZ | April 26, 2016

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Dec 17 Companies would have to disclose publicly whether they have anyone on their board who is a "cyber security expert" under legislation introduced in the U.S. Senate on Thursday.The outlook for approval of this proposal was unclear, but it comes at a time of growing concern in Congress about damaging computer hacks that have hit companies such as Target, Anthem Insurance Companies Inc and Home Depot.The measure, from Republican Senator Susan Collins of Maine and Democratic Senator Jack Reed of Rhode Island, would require the disclosure in companies' filings with the U.S. Securities and Exchange Commission.

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