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Saturday, February 15, 2014
SEC to Hold Cybersecurity Roundtable After Retailer Breaches

The Securities and Exchange Commission on Friday announced that it will host a roundtable next month to discuss cybersecurity and the issues and challenges it raises for market participants and public companies, and how they are addressing those concerns.

The roundtable will be held at the SEC's Washington, D.C. headquarters on March 26 and will be open to the public and webcast live on the SEC's website.

"The growing interest in cybersecurity across financial markets and other sectors has raised questions about how various market participants can effectively manage cybersecurity threats. Cybersecurity breaches have focused public attention on how public companies disclose cybersecurity threats and incidents," SEC said.

Recent breaches at Target and Neiman Marcus have sparked concern from lawmakers and revived a spat among retailers and banks over who should bear the cost of consumer losses and technology investments to improve security.

U.S. lawmakers have also considered weighing in on how consumers should be notified of data theft.

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