WPF advises SEC regarding data risk factors and disclosures

The World Privacy Forum advised the SEC in comments today regarding the SEC proposal to modernize the description of business, legal proceedings, and risk factor disclosures pursuant to Regulation S-K.

In its notice, the SEC described risk from environmental regulation as material to companies. In its comments to the SEC, WPF noted that privacy and data regulation is the subject of interest and action all around the world, and that most companies face some type of data risk today. While not all data risk is material, data risks that are material should be disclosed along with other material risks companies face.

Read the WPF comments to the SEC: (PDF, 4 Pages)