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DATA PROTECTION POLICY INCLUDING DATA BREACH POLICY AND RESPONSE PROCEDURE RESPONSIBLE Directories Executive Officer RATIFIED BY BOARD October 2023 REVIEW DATE September 2026 Our Vision The BEAT vision
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The SEC incident response plan is a formal plan that outlines the steps a company will take in response to a cybersecurity incident. It includes protocols for identifying, mitigating, and reporting incidents to ensure compliance with SEC regulations.
Publicly traded companies are required to file an SEC incident response plan as part of their compliance with SEC regulations regarding cybersecurity disclosures.
To fill out the SEC incident response plan, organizations must assess their cybersecurity risks, outline specific response protocols, designate responsible parties, and include details on communication strategies and regulatory reporting procedures.
The purpose of the SEC incident response plan is to prepare organizations to effectively respond to cybersecurity incidents, minimize damage, ensure timely reporting, and maintain investor confidence through transparency.
The information that must be reported includes details of the incident, the response actions taken, potential impacts on operations, and any required disclosures to stakeholders and regulators.
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