Looking at the Challenges of Enterprises from the Release of Standards in Cybersecurity News

        In recent years, there have been frequent incidents of cybersecurity incidents, which have become an important issue that cannot be ignored in business operations. This not only drives government departments to re-examine the regulatory framework, but also prompts the capital market to pay more attention to the disclosure standards of cybersecurity incidents. The Taiwan Stock Exchange Corporation has made multiple revisions to its standards regarding whether publicly quoted entities should disclose security incidents, indicating that this issue has become a critical link affecting the overall operation and trust foundation.

        Why does the government care so much about the disclosure of information security?

                The Stock Exchange and OTC Market announced in August 2021 that they will update the verification and public handling procedures for significant information of publicly traded entities, including information security incidents as a condition for re release of information. In January 2024, the stock exchange for the first time clarified the disclosure standards for the significance of cybersecurity incidents, requiring the release of reissues in situations such as core system crashes, official website breaches, and confidential information leaks. In May 2024, the criteria for materiality will be further relaxed, and any event that poses a risk of data leakage will require the release of a reissue. In January 2025, the regulatory authorities made another adjustment, focusing on the risk of leakage of "important systems" and "large amounts of data", and issuing a re announcement.

        The above revision process not only reflects the gradual maturity of the re release standards, but also meets the expectations of the market and society for information transparency. From major data breaches, ransomware attacks, to hackers infiltrating supply chains, they are no longer risks for a few industries or technology companies, but challenges that all enterprises that rely on information systems to operate must face.

        Cybersecurity News Reveals Global Convergence of Standards

        From an international development perspective, Taiwan's legislative amendments can be seen as a response to international regulatory trends. The US Securities and Exchange Commission (SEC) amended the law in 2023, requiring listed companies to disclose relevant information within four business days after a major security event occurs; The European Union, as early as the early implementation of GDPR, explicitly required that personal data breaches must be reported to the competent authorities within 72 hours. For Taiwan, amending the law not only enhances the integration of the capital market with the international community, but also establishes a clear and operational standard framework to assist enterprises in mastering response principles. It is also an important strategy to enhance market credibility and governance transparency. In addition, the development of disclosure standards for cybersecurity is not only a formal compliance requirement, but also aims to guide enterprises to establish a long-term risk governance culture, strengthen warning, notification, and communication mechanisms for potential threats, and thereby enhance the overall industry and society's cybersecurity resilience.

        Cybersecurity News: From 'not revealing' to 'how to reveal'

        With the clarification of the standard framework released by the Cybersecurity News, the response of enterprises to cybersecurity incidents is increasingly being tested. For example, after the standard adjustment, the disclosure of cybersecurity news depends on frontline observation reports, internal communication and coordination, and whether the response records can fully reproduce the sequence of events. The standard requires enterprises to quickly classify risk events, effectively assess their impact, and integrate information in a short period of time to make disclosures that comply with regulations and have credibility. In other words, the release of Cybersecurity News is an overall test of the operational and internal collaboration capabilities of enterprises.

        From daily operations to cross departmental collaboration, a single move can have a ripple effect

        Behind the release of the cybersecurity news is the overall risk management framework of the enterprise. From the discovery of anomalies in the front-end, IT department investigation, synchronous discussion between legal compliance and public relations on the content of the re release, to the setting of the tone by senior supervisors, every step must be completed quickly under time pressure. These processes may seem trivial in daily life, but they can amplify the value of the system in times of crisis. In other words, a set of implementable cybersecurity disclosure standards can reflect the maturity of internal information flow and collaboration processes within the enterprise.

        Standards not only establish compliance, but also trust

        Although some companies are still concerned about the negative impact of exposing security incidents, more cases have shown that honest response and proper disclosure can actually accumulate trust in crises. The re disclosure standards required by the standards are actually a set of tools to assist enterprises in managing risks and maintaining trust. By exposing standards through re communication, establishing a common framework for understanding information, reducing misunderstandings and speculations, and thereby stabilizing external confidence. For enterprises, this also demonstrates an understanding of risks, sincerity towards society, and respect for standards.

        The standards revealed by future cybersecurity news may continue to be revised with the trend of cybersecurity, but the core values it brings, including risk awareness, information transparency, and organizational resilience, will not change. The existence of disclosure standards not only provides compliance basis for enterprises, but also provides specific directions for all employees to participate in risk governance and trust.

        *Image source: freepik

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