Market Trends 2024/25: Cybersecurity-Related Disclosures

Summary

This practice note identifies cybersecurity risk disclosures and discusses in detail not only the potential reputational, financial, or operational harm resulting from cybersecurity breaches, but also the potential litigation or regulatory costs, policies, and procedures in addressing cybersecurity risks. This practice note concludes with practical advice on how to prepare and enhance the required disclosures on cybersecurity risks and incidents.