Tatyana Shumsky reports:
Companies are getting hacked more frequently but aren’t disclosing the incidents in their regulatory filings, a trend that worries investors.
Just 95 of the nation’s roughly 9,000 publicly listed companies have informed the Securities and Exchange Commission of a data breach since January 2010, according to an analysis of their filings by Audit Analytics.
[…]
The reason many data breaches aren’t reported to the SEC, say chief financial officers, is that the damage isn’t “material,” meaning it isn’t significant enough to influence an investor’s decision to buy a company’s stock.
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