back to article Big biz told to reveal hack attacks

Publicly listed companies in the US have been asked to disclose when they've been hacked, according to new guidance issued by the Securities and Exchange Commission. The market regulator has let firms know that they can no longer hide cyber attacks if that attack could cause financial damage to the company or make the financial …

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*cough*

"Intellectual property worth billions of dollars has been stolen by cyber criminals, and investors have been kept completely in the dark. This _***!!!GUIDANCE!!!***_ changes everything"

I'm reminded of a tech publisher...

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Anonymous Coward

Unfortunatley

The worst companies don't even know when they have been hacked, and so will not report anything. They then will look like the good guys compared to companies who at least can detect hacks. Not saying it shouldn't happen, but just that you have to dig into the resulting statistics to see who really is good/bad at security.

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Anonymous Coward

To stop the majority of hack attacks...

on western corporations, install firewalls on every one of China's Internet feeds into their country and block all traffic.

That will clean it up nicely.

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