CrowdStrike unveiled CrowdStrike SEC Readiness Services, providing public companies the technology and expertise required to mitigate risk and comply with the new SEC breach disclosure rules. Powered by the AI-native CrowdStrike Falcon® XDR platform and the CrowdStrike Services team, Boards of Directors and C-suite executives can gain the strategic insights needed to harden the organization against breaches, make materiality decisions and issue annual cyber disclosures with confidence. The new SEC regulations require public companies to disclose the processes for assessing, identifying and managing material risks from cybersecurity threats in their annual 10-K filing, and to report on material cyber incidents within four days of determining an incident is material.

These new regulations increase pressure on public companies and their boards, as determining the materiality of a breach can be difficult, and failure to comply with the requirements could result in litigation or financial penalties. CrowdStrike?s comprehensive SEC Readiness Services assist Boards of Directors and C-suite executives in addressing critical questions, assessing organizational risk, understanding what might constitute a material incident and having confidence that annual cyber disclosures are accurate. CrowdStrike?s new SEC Readiness Services help organizations navigate SEC cyber regulations through: Detailed Risk Management Reviews: CrowdStrike boosts organizational confidence in risk disclosures with a two-pronged approach consisting of a technical assessment and program review.

Leveraging the power of the Falcon platform, organizations gain a detailed technical assessment of their current security posture. By identifying gaps that could lead to an incident, organizations can align security policies and practices to harden their cyber defenses and stop breaches. In addition, CrowdStrike experts provide a programmatic review of the organization?s risk management practices, ensuring that the people, processes and governance structures align with the business.

C-suite executives and Boards of Directors gain deep visibility and oversight of the organization?s risk posture to support public filings. Materiality Tabletop Exercises: CrowdStrike experts design exercises that enable public companies to test their processes for determining if a security incident is material and requires filing an 8-K with the SEC. CrowdStrike tailors real-world scenarios to each organization, allowing them to ensure they have the right people at the table, considering the right information, with the appropriate guidance necessary to know if a public disclosure should take place.